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.
Income Boost 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
Market-Leading Rates
Exclusive Deals
Get a Decision in Minutes
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.
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.
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