Guarantor Mortgages

The simple way for your family to help you borrow more and get on the housing ladder sooner by boosting your income or deposit

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Getting on the property ladder as a first-time buyer isn’t easy. 

Before you can think about buying a place of your own, you’ll need to have saved up a sizeable deposit - usually at least 5% of the property value. But today’s high house prices mean that many first-time buyers find it impossible to save up this amount, especially if they're paying rent at the same time.

Even once you’ve got a deposit, you’re still likely to need a very large mortgage. But most lenders will only let you borrow up to four times your salary. And so, if you’re fairly new in your career, your salary probably won’t be big enough to let you get the size mortgage you need to buy the kind of home you really want.

All of this means that many would-be first-time buyers find themselves forced to carry on living with their parents for much longer than they (or their parents!) would like.

However, all is not lost. There are a handful of lenders who have developed innovative mortgage products that allow you to use the income of your parents or other family members to boost your own income - meaning you can get a larger mortgage than you would on your own.

And the best bit is that these family members (often referred to as guarantors) don’t actually have to give you any money. They just need to be willing to let their own income be added to yours when the lender is working out how big a mortgage you can have.

Plus, if you don’t have a big enough deposit yet, there are ways that your guarantors can use the equity in their own home to solve that problem for you too.

Here at Mortgage Response we specialise in these types of guarantor and income boost mortgages and have got a range of different solutions available from a large choice of lenders. 

Our advice is completely independent and impartial. So if you want to find out more about the best way for your parents or other family members to help you get on the property ladder faster, give us a ring on 01379 778120 or fill in our 30-second enquiry form and we’ll give you a call back.

Get Your Guarantor Mortgage Quote!

Fill in your details below and one of our guarantor mortgage experts will contact you to discuss your options and help you choose the most appropriate deal.

Unbiased Trusted Professional certification.

Why Choose Us?

Because we specialise in guarantor mortgages, we can offer you all sorts of benefits you won’t find on the High Street or through other mortgage brokers.

Maximise your borrowing

We can get you a larger mortgage - one that’s based on your own salary plus the income of your guarantors.


However, with these income-boost mortgages, there’s no requirement for your guarantors to actually contribute to your mortgage payments each month. They just need to be willing to chip in if ever you’re unable to make the repayments on your own.


And, unlike the guarantor mortgages you’ll see offered by some of the High Street banks, the deals we offer don’t require your parents or other guarantors to become joint owners of the property you’re buying. This is really helpful because it means you still get to benefit from the extra stamp duty savings that are only available to first-time buyers.

High approval rates

We’ve invested in state-of-the-art mortgage sourcing systems that can find all the best guarantor mortgage deals from over 90 different lenders in seconds.


We’ve also got access to exclusive offers that you won’t find on the High Street or through other brokers.


All of this means we’ve got the best possible chance of finding a lender who will be willing to offer you the kind of guarantor mortgage you need and lend you the amount you need for your dream home.

No deposit options

If you’re a first-time buyer who doesn’t have a deposit saved up yet and you’re planning to get help with that from the Bank of Mum and Dad, then we can help you find the most efficient and economical way of doing it.


For example, it might be best for your parents simply to give you a cash gift for your deposit.

 
But if they don’t have the funds available or don’t want to dip into their savings, then we can help your parents release equity from their own home and use that as the deposit for your new property.

Guarantor mortgage specialists

Because we’ve been specialisng in guarantor mortgages for so long, we’ve formed close relationships with the underwriters at all of the main guarantor mortgage lenders.


This means we’ve got direct links to real human decision-makers. We can explain your case to them and present your situation in the best possible light in order to maximise the chance of you getting approved for the mortgage you need.


Also, our in-depth knowledge of the guarantor mortgage market means we’ll know which lender is most likely to accept you. So we can go straight to that lender rather than submitting applications to multiple lenders until we find one who says yes - which wastes time and can impact on yoru credit rating.

A6 NCF
A6 NCF
2022-09-23
I used Mortgage Response to help me find and progress a great deal from enquiry to offer. Tom is the consummate professional, who guided me through the process, took ownership and helped translate jargon into layman's terms. I will definitely be using Tom's services again and would endorse his firm without reservation.
Benedict Bowen
Benedict Bowen
2022-09-13
Very helpful and always quick to respond no matter what day or time! Far better than other advisers I have used previously
Cailin Phoenix
Cailin Phoenix
2022-07-27
Paul and Tom have been so helpful in sorting my first mortgage and now remortgage. They made the process very easy and straightforward and couldn't have been more friendly and helpful throughout!
lois b
lois b
2022-07-03
Tom has been such a big help when trying to get a mortgage for the first time. He has always replied quickly, whether it’s late evening or the weekend, and it really feels like he goes the extra mile for everyone to ensure you have the best experience! I would 100% recommend him to anyone in need of mortgage advisor.
Matthew ireland
Matthew ireland
2022-06-15
Paul and Tom both did fantastic work sorting a great mortgage deal for our first home. The process was made so easy and straightforward by them. Would highly recommend them to anyone looking to purchase a property.
Christine Flittner
Christine Flittner
2022-05-20
Paul secured a remortgage for us which was anything but straight forward. He was excellent throughout in terms of advice, options and communication. I would recommend him without hesitation. We will definitely use Paul again in the future.
Chloe Kubala
Chloe Kubala
2022-04-27
I would highly recommend Mortgage Response. Tom has been so helpful with getting our mortgage sorted. He’s taken care of everything for us, answered all our questions really quickly and made everything easy for us, as first time buyers, to understand.
S.I.H YouTube
S.I.H YouTube
2022-04-27
Tom has been amazing from start to finish of this long journey and applying for 2 mortgages and choosing between multiple insurance policies. His service has been very personalised which was very much needed during such a stressful time in our lives. He was very responsive to emails and phone calls. He did what he said he would do when he said he would. He speaks in simple terms (which I need) but is very knowledgeable. The products he got for me were perfect for my needs, he didnt push anything on me, I was given the best options for me to choose. He was patient with me when I took my time and acted very quickly when needed. It was amazing value for money. I will be recommending everyone who is looking to buy a house to go with Tom at Mortgage Response.
Krisztina Provics
Krisztina Provics
2022-04-08
Many thanks for Tom to helping me and my partner trough the whole process.He was available all the time when we needed help.I can only recommend.

How It Works

Step 1 

Get in touch

Call us on 01379 778120 or complete the 30-second enquiry form and one of our advisers will call you back. We don’t have call centres so that adviser will be your point of contact throughout your entire mortgage journey.

Step 2 

We'll find your perfect mortgage

Once we've gathered some basic details, we'll compare hundreds of guarantor mortgage deals from over 90 lenders to find the one that is the best fit for you.

Step 3 

We'll do all the hard work

Sit back and relax while we submit your application and all the required paperwork, keeping you regularly updated along the way.

Step 4 

...until your mortgage is approved!

With our help you'll have the greatest chance of being accepted for the guarantor mortgage you need at the best possible rate.

Guarantor Mortgages

Market-Leading Rates
Exclusive Deals
Get a Decision in Minutes

Get Your Guarantor Mortgage Quote!

Fill in your details below and one of our guarantor mortgage experts will contact you to discuss your options and help you choose the most appropriate deal.

There may be a fee for arranging a mortgage and the precise amount will depend on your circumstances. This will typically be up to £395.

Your home may be repossessed if you do not keep up repayments on your mortgage.

You may have to pay an early repayment charge to your existing lender if you remortgage.

Mortgage Response Ltd is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority.

Registered Office: 62-64 Thorpe Road,  Norwich, NR1 1RY.

Registered Company Number: 11076417 Registered in England & Wales