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guarantor mortgage

jamescall
jamescall Posts: 1 Newbie
in Mortgages & endowments
I am a first time buyer looking to get on the property ladder and was hoping to get a guarantor mortgage with my brother as a guarantor.

But it looks like these are not anywhere near as readily available anymore.

I’d be very grateful if someone could offer any idea of how accessible these are now and what kind of criteria they have associated with them?

Thanks!

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Nigh impossible. Affordability regulations have changed the game.
  • Tillytwopaws
    Tillytwopaws Posts: 31 Forumite
    The lender I've been working for will not agree new mortgages with a guarantor and for product transfers with an existing guarantor, affordability is assessed with a view to removing the guarantor.
  • kingstreet
    kingstreet Posts: 39,411 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Why is a guarantor required?
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, 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. Please do not send PMs asking for one-to-one-advice, or representation.
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