guarantor

And foster kids struggle on the rental market with no rental history, no guarantor and a monthly stipend of a little over $1,200.

That would have involved borrowing up to £200m from a consortium of UK banks with government acting as guarantor - meaning if the loans were to go bad the state would have to step in to repay the lenders.

It was seeking to borrow from a consortium of UK banks, but needed the government to act as guarantor - meaning if the loans were to go bad the state would step in to repay the lenders.

It is seeking to borrow from a consortium of UK banks, but needs the government to act as guarantor - meaning if the loans were to go bad the state would step in to repay the lenders.

The measure sees the government act as guarantor for part of a home loan – to encourage lenders to offer low-deposit deals.