Guarantor Mortgage advice - HotUKDeals
We use cookie files to improve site functionality and personalisation. By continuing to use HotUKDeals, you accept our cookie and privacy policy.
Get the HotUKDeals app free at Google Play

Search Error

An error occurred when searching, please try again!

Login / Sign UpSubmit

Guarantor Mortgage advice

£0.00 @
Does anyone have any experience with guarantor mortgages? Essentially, what I was wondering was how much more a person could borrow with a guarantor? For example, if I have been told that I can b… Read More
stufai Avatar
7y, 2w agoPosted 7 years, 2 weeks ago
Does anyone have any experience with guarantor mortgages? Essentially, what I was wondering was how much more a person could borrow with a guarantor?

For example, if I have been told that I can borrow £100k, with a guarantor would I be able to get £120k, more or less? Or is it simply dependent on the guarantor's financial status?

Any advice much appreciated!
Tags:
stufai Avatar
7y, 2w agoPosted 7 years, 2 weeks ago
Options

All Comments

(3) Jump to unreadPost a comment
Comments/page:
#1
In theory, yes you can borrow more, but remember, the guarantor is also liable for some of the loan so for example, if you default, they are still liable

It is also dependent on their financial status as well and not something to do lightly

http://www.affordablehomeadvice.co.uk/all-you-need-to-know-about-mortgage-guarantors.html
#3
Hmm, not sure how you insert a weblink on the new site!!

Post a Comment

You don't need an account to leave a comment. Just enter your email address. We'll keep it private.

...OR log in with your social account

...OR comment using your social account

Thanks for your comment! Keep it up!
We just need to have a quick look and it will be live soon.
The community is happy to hear your opinion! Keep contributing!