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    • am_bain
    • By am_bain 13th Sep 17, 9:15 PM
    • 81Posts
    • 30Thanks
    Student mortgage
    • #1
    • 13th Sep 17, 9:15 PM
    Student mortgage 13th Sep 17 at 9:15 PM
    Can anyone help me I am trying to find out if any lender in Scotland provide mortgages for students we are happy to be guarantor for my daughter as she will have to move as she lived with my father who had dementia and ended up in a home and the council have put a charge on his house to cover home charges so we have to sell as he recently died any help would be great thanks.
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    • csgohan4
    • By csgohan4 14th Sep 17, 7:41 AM
    • 4,641 Posts
    • 2,904 Thanks
    • #2
    • 14th Sep 17, 7:41 AM
    • #2
    • 14th Sep 17, 7:41 AM
    how much does the student earn?? Stipend?

    Deposit? price of house?

    If there is no income how can the lender lend them money, how will they pay it back?

    Lenders only go on the now and getting a mortgage is not like renting a room, guarantors are not a guarantee of a mortgage, it is heavily weight on affordability and income/debt
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
    • silvercar
    • By silvercar 14th Sep 17, 8:41 AM
    • 37,396 Posts
    • 157,439 Thanks
    • #3
    • 14th Sep 17, 8:41 AM
    • #3
    • 14th Sep 17, 8:41 AM
    There are a few lenders who offer guarantor mortgages, where a family member guarantees the payments for someone with lower income. You may need to see a broker to find one that suits.
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