Found 8th Jul 2010
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!

  1. Misc
  2. Mortgage
3 Comments

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

affordablehomeadvice.co.uk/all…tml

Hmm, not sure how you insert a weblink on the new site!!
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