Guarantor Removal

Congratulations! Your latest valuation shows that your guarantor is ready to be removed!

The process now is either:

Option 1:

You can contact the bank directly and complete a discharge form, send it on to us completed and we will forward to the bank with the valuation showing that the guarantor can be removed (there is no cost for this option, but we do not follow up the guarantor removal from there)

Option 2:

We can follow up and provide updates with the bank.
Please note- for this option, we do charge a $190 fee to handle this ongoing contact with the bank, which needs to be paid in advance to the following details:

It’s important to note that with either option there are costs involved as mentioned up front with your guarantor loan (loan discharge costs / bank fees).
Please also note that removal of guarantor is also not swift either way! Typically banks take 4 – 12 weeks to process the removal of your guarantor.

We do very strongly recommend that you go ahead and have your guarantors title released from your mortgage and their obligation to your loan as soon as possible.

Please use the form below to let us know how you’d like to proceed:

Please provide your name (if your title is held by you and a partner, please also provide their name):

Which broker wrote your loan (please select from the list below):

Please provide the name of any guarantors you would like to remove from your mortgage:

Please let us know which bank your mortgage is currently held with:

Have you completed your discharge form at your current bank, or would you like for our team to do this (please note, there is a charge of $190 for our team to do this for you to cover our administration fees which needs to be paid in advance):

Please attach either your discharge form or your receipt of payment to Up Loans to handle this process for you: