Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • pbishop64
    • By pbishop64 9th Oct 17, 1:42 PM
    • 5Posts
    • 0Thanks
    pbishop64
    Guarantor mortgage
    • #1
    • 9th Oct 17, 1:42 PM
    Guarantor mortgage 9th Oct 17 at 1:42 PM
    Hello
    Just wandering if its possible or such thing is available.
    My daughter wants a mortgage of her own however her credit rating isn't great to say the least. its on its way up now but very much doubt she'd be accepted for a mortgage as it was in the last 4 years.
    I on the other hand have an excellent rating with a fair income so would happily act as a guarantor is this something a mortgage company would consider?
Page 1
    • YHM
    • By YHM 9th Oct 17, 2:15 PM
    • 304 Posts
    • 99 Thanks
    YHM
    • #2
    • 9th Oct 17, 2:15 PM
    • #2
    • 9th Oct 17, 2:15 PM
    Hi

    Guarantor mortgages are effectively a historic term as the majority of lenders would not just take a guarantee on the mortgage being repaid.

    There are different ways about it nowadays, with lenders allowing for 3 way applications etc that provide the same outcome. There are also a couple of lenders that have different products that use 'sponsor' income to support an application.

    You need to speak to a good broker, that can support you with this
    I am a Mortgage Broker.

    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

3,278Posts Today

7,560Users online

Martin's Twitter