Guarantor mortgage
Mortgages & secured lendingA mortgage where someone else guarantees repayments if you cannot pay.
Overview
Guarantors are often parents or relatives.
Their income or assets can help you qualify.
Why it matters
- It can help borrowers with limited credit history.
- It carries risk for the guarantor.
- It affects affordability decisions.
FAQs
Does a guarantor mortgage affect the guarantor credit score?
It can if payments are missed or the guarantor is linked to the debt.
Can I remove a guarantor later?
Sometimes, if you meet the lender’s criteria on your own.
Related terms
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