Co-borrower agreement

Co-borrower agreement

When you buy a home and apply for a loan from the bank, the bank may require a co-borrower to grant the loan.

A co-borrower is a person who together with the borrower stands on a loan and is jointly and severally responsible for the loan being paid back to the bank. A co-borrower can, for example, be a parent or a partner. In most cases, the co-borrower is not the owner of the home, but only helps so that the borrower can borrow money from the bank.

Important to consider for you as a co-borrower

If you have entered as a co-borrower, it is important to remember that if the (primary) borrower cannot pay interest and amortization for the loan, you are the one who is responsible to the bank and can be required to pay for the loan.

By writing a co-borrower agreement together with the borrower, you as a co-borrower can secure your legal situation.

We can help you draw up a legally correct co-borrower agreement. The agreement regulates what should happen if the co-borrower is forced to repay all or part of the loan to the bank.

Establishing a co-borrower agreement together with us costs SEK 3,999.