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“Private Finance provided excellent service securing a remortgage for my property even though it was not a straight forward case. They always kept me updated and was on hand to help and deal with any issues arising. Would definitely recommend Private Finance for their services, offering guidance and support throughout the whole process.”
“Private Finance worked incredibly hard to secure our business re-mortgage. They were always calm, professional, polite and ready to wade in on our behalf when things stalled. We would happily recommend them, and look forward to maintaining our relationship. Many thanks!”
“Outstanding services in our mortgage search, during a weird environment of fast-changing market conditions. The team has always been super responsive, very clear in their replies to all questions we had along the process, and managed to get us extremely good deals on various mortgage products. I can only strongly recommend them for your mortgage search!!”
“Private Finance provided excellent service securing a remortgage for my property even though it was not a straightforward case. They always kept me updated and was on hand to help and deal with any issues arising. Would definitely recommend Private Finance for their services, offering guidance and support throughout the whole process.”
“Professional and proactive advice and service – secured me an amazing rate on my mortgage. The team were great with their communication and I always felt confident that things were progressing – completely took away any anxiety from a stressful process!”
“Private Finance have been fantastic in finding me the right provider and the right price. We have used them twice now, and both times the communication was fantastic, the options explained, and the rest of the paperwork dealt with. Would highly recommend.”
A Guarantor Mortgage is a specialised type of mortgage that enables aspiring homeowners to secure a loan with the help of a guarantor to boost their borrowing capacity. The typical customer for a guarantor mortgage is someone whose income is not yet high enough to obtain the mortgage amount needed when taking the lender’s income multiples into account.
A guarantor is typically a parent but could also be a spouse, family friend, grandparent or other relative. Who is accepted as a guarantor varies depending on the lender.
In the same case with any standard mortgage, you will need to have a deposit ready. However, in some cases, a lender can take a charge over the guarantor’s property instead.
A repayment mortgage will typically be arranged instead of an interest-only mortgage, as most guarantor mortgages are used by first-time buyers.
The lender will assess affordability in a similar way to a standard mortgage, although they will need to factor in the running costs of the guarantor’s home and the property being purchased. Similarly to a standard mortgage, all applicants are joint and severally liable for the mortgage, so it will show on all credit files and all applicants are responsible for maintaining payments.
Please remember, your home may be repossessed if you do not keep up repayments on your mortgage.
From over twenty years of experience arranging mortgages of every kind, our consultants have deep expertise in the finer points of the mortgage market.
Here are some of the reasons that our clients trust us with their mortgage needs:
We are proud to have an average rating of 4.97/5 from more than 1,800 reviews. Our friendly consultants guide you from start to finish, finding the right mortgage for you and your future. We will handle the whole mortgage application process for you.
We believe in holistic mortgage advice – to us, this means advice that considers the broader financial markets as well as your personal and financial circumstances. To achieve this, we partner with wealth advisers and accountants to draw on their expertise when needed.
We’re an independent, whole-of-market broker using over 175 lenders. We have strong ties to high-street lenders, private banks, and specialist providers. That means we’re optimally positioned to find the best mortgage solution for you.
With our online mortgage tools, find the information you need using our helpful guides, information on the best mortgage rates and handy mortgage calculators.