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Parents as guarantors

If you have a close family relative who is able to guarantee your mortgage payments we could help you borrow more than your standard income multiple may allow.

  • we'll refund the basic valuation fee provided you use our recommended surveyors
    • no higher lending charges
  • borrow from £25,000 to £300,000
  • borrow up to:
    • 4.5 times your income plus 1.5 times guarantor's income
    • 3.5 times joint applicants combined income plus 1.5 times guarantor's income
    • 4.5 times the primary income plus 1 times secondary income plus 1.5 times guarantor's income.
  • The guarantor must be a close family relative and have sufficient income to cover both their existing financial relationship and new lending
  • borrow up to 85% of the property value

    Fixed Rate

    • Minimum deposit available:

    • 15% deposit

      Mortgage Initial Rate Our Standard Variable Rate currently Overall cost for comparison (APR) Application Fee Early Repayment Charges Exit Fee
      Parental Guarantor 3 Year Fixed Rate First Time Buyer Mortgage
      Fixed until 30/04/2015      		 Currently 4.29% until 30/04/2015 Currently 4.24% 4.4% £0 Early repayment charges are applicable until 30/04/15 £140

      • Early Repayment Charges

      Parental Guarantor 3 Year Fixed Rate First Time Buyer Mortgage

      Additional payments over 10% of balance or redemption in first 3 years:

      • 3% until 30.04.2013
      • 2% from 01.05.2013 to 30.04.2014
      • 1% from 01.05.2014 to 30.04.2015

      How to apply

      If you would like more information about this product, any of our product range or would like a full illustration please call our specialist team on 0800 028 8288, quoting the reference number 40481.

      Interest Only Borrowing

      Interest Only Borrowing The Maximum Loan to Value allowed for Interest Only mortgage applications is 75%. If your mortgage is on an interest only or a part capital, part interest only basis, it is your responsibility to ensure that you have a repayment method in place which will repay your mortgage within your chosen term.

      Lending into Retirement

      If your Mortgage Term extends into your proposed retirement age, it is your responsibility to ensure that you have sufficient financial provision in place to support your lending into retirement.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

How to apply