Guarantor mortgage

pbishop64

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?

YHM

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