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    • pbishop64
    • By pbishop64 9th Oct 17, 1:42 PM
    • 5Posts
    • 0Thanks
    Guarantor mortgage
    • #1
    • 9th Oct 17, 1:42 PM
    Guarantor mortgage 9th Oct 17 at 1:42 PM
    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
    • 537 Posts
    • 198 Thanks
    • #2
    • 9th Oct 17, 2:15 PM
    • #2
    • 9th Oct 17, 2:15 PM

    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
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