An alternative to a ‘Guarantor Mortgage’: you can have up to four applicants on the mortgage, with a minimum of one on the mortgage deeds. Great for first time buyers – parents helping their children who may find difficulty raising a deposit or securing a mortgage based on their income alone. Maximum age 80 considered. Gifted deposits accepted. Children helping their parents – for older borrowers whose circumstances have changed and they now require support of a family member to continue living independently in their own home. Separation – if couples are separating and one party wants to buy out their former partner/spouse, their income may be insufficient to support a mortgage in their own right. Talk to us about a particular concern you may have. We might just be able to find the solution.
Mortgage lenders making downward rate adjustments this week. Residential and Buy to Let mortgages affected. Maximum loan size increases at 90% loan to value offered