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GUARANTOR
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If you need a guarantor mortgage, but aren’t sure which deals you’ll be eligible for, L&C is here to help.

We can talk you through any guarantor mortgage options available to you and recommend the best deal based on your individual circumstances. Whatever your requirements, our expert advisers are on hand to provide you with all the support you’ll need to help you get onto the property ladder.

Once you’ve applied for your guarantor mortgage, you’ll be able to track your application online 24/7, and a dedicated case manager will help you through the whole process. So get in touch with L&C today so we can find you the best deal.

A guarantor mortgage involves someone you know, usually a parent, guaranteeing your mortgage to your lender. This means they are essentially guaranteeing to repay what you owe if you’re unable to keep up with your payments.

In some cases they will have to offer their home or savings as security against the loan. They will be jointly liable with you for the debt and so should be fully aware of the legal implications and their responsibilities before agreeing to act as a guarantor.

Having someone prepared to guarantee your mortgage can be a huge help if your current income doesn’t quite meet a lender’s affordability requirements, or if you’re a first- time buyer and only have a small deposit.

Many lenders don’t accept applications backed by a guarantor, but other options are available, including allowing parents and children to take out a Joint Borrower Sole Proprietor mortgage. This means a parent or parents will be added to the mortgage, but not named on the title deeds of the property.

Whatever the reason you need a guarantor mortgage, L&C can help you find and apply for the right deal for you. Our expert advice can prove invaluable – and it won’t cost you a penny.