Jason Bailey

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Products Updated April 15, 2021

Guarantor Mortgages

If you are looking to get a mortgage with the help of a guarantor or a family member then our mortgage experts have a range of solutions including 100% spring board mortgages. They will ensure you get the best and cheapest deal available from lenders on the market place.

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

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Guarantor Mortgage

Rated 5/ 5

All credit types

Barclays have a selection of high 100% loan to value guarantor mortgage options for customers with no deposit. Their spring board mortgage helps customers get a mortgage with the help of a family member.

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Initial Rate

Standard Rate (SVR)


Guarantor Mortgage

Rated 5/ 5

All credit types

Aldermore provide a family guarantee mortgage that allows you to get a mortgage without a deposit. Aldermore will require a guarantee against the home of your parents or grandparents for additonal security against your mortgage.

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Virgin Money


Initial Rate

Standard Rate (SVR)


Guarantor Mortgage

Rated 5/ 5

All credit types

If you need a mortgage with the help of a guarantor then we can help. Virgin Money provides customers with a wide range of mortgage products and deals available to those who require a guarantor.

Read our customer and visitor reviews for this product:

Rating: 4 / 5 with 2 votes

Simple application process

by K Wheeler

Simple application process - broker was kind and offered advice.

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by James Hilton

This is a quick mortgage search facility and shows many lenders across the market. Impressed with the level of detail on each product.

Guarantor mortgages explained

Get the mortgage you require with the help of a guarantor

Get the mortgage you require with the help of a guarantor

Getting onto the housing ladder is now harder than ever due to house prices maintaining their value and wages still not catching up, in fact wage levels are arguably falling further behind. The average age for first time buyers in the UK is now 36, which is having the effect of maintaining the rental market, pushing up rental prices and so stopping people from being able to save up for a mortgage deposit. However all is not lost as there is now an option that could help you to get onto the housing ladder without a deposit.

What is a guarantor mortgage?

What is this type of mortgage?

What is this type of mortgage?

A guarantor mortgage is a type of no-deposit mortgage, which means you won’t need a deposit for your mortgage. What you will need is a family member, or friend, who is willing and able to guarantee 25% of the value of your property in place of a deposit. Lenders are now highly risk averse and so will not even begin to contemplate a 100% loan to value mortgage on its own. By having a guarantor, the risk is lessened and this then becomes an acceptable deal for the lender. If you keep up with your mortgage repayments then the guarantor will never be affected by their decision to be your guarantor. They will only play a part if you fall behind on your mortgage payments and your home ends up being repossessed. The sale of your home will be used in the first instance to repay the loan, but if there is any shortfall, your guarantor will be liable to make up the difference up to 25% of the property value.

What sort of deals are there?

In terms of 100% loan to value mortgages your options are gradually widening depending upon the size of the loan you are looking for. Most of the fixed rate deals offer you around the current standard variable rate of lenders, which means that you will still be getting a good deal because you will be protected from interest rate rises over the two or three years that your rate is fixed for. If you shop around you will find that some deals are better than others and some even have no arrangement fees. Others have more standard arrangement fees, so you will need to make sure that you take all of these elements into account.

Guarantor mortgage calculator

If you want to calculate how much a guarantor mortgage will cost, the monthly repayments and interest charges then please make an application with our mortgage experts above. They can provide no obligation mortgages quotes so you can find out how much you can borrow and how much it will cost. Applications are done quickly online backed up with FCA regulated advice.

What you need to do to prepare

Good preparation is essential

Good preparation is essential

No matter what type of mortgage you are looking for you will need to have your financial information in order to be able to apply for a mortgage. You will need proof of income, details of any other loans or credit card debts you currently have and the amount you pay on those. You should also spend some time considering how you will meet payments in the future, possibly in the form of either life insurance or savings. In order to make sure you get the best deal for you, you should consult a mortgage broker.


It is a mortage that you take out with the help of a guarantor. The guarantor agrees to pay the mortgage repayments in the event the mortgage applicant is unable to.

Yes possibly. Having a guarantor provides the mortgage lender with additional security against the mortgage. If for example your income is low and falls below the lenders requirements then having a guarantor to help 'boost' the income requirements mean you can get the mortgage you require that ordinarily you wouldnt be able to get alone.

A guarantor tends to be a parent but could be another close relative, grandparent or a friend. A mortgage lender will use the income and any debt from the guarantor as part of the application.

No. They will not go on the property deeds or listed as an owner.

If you are unable to meet the mortgage repayments then the guarantor will be contractually obliged to meet payments if the original borrower falls behind, dependent on individual lenders this may been some form of charge will be taken on their assets, for example their home, to make sure the lender can force them to pay.

It would be advised to speak with a mortgage broker who can discuss and advise you on what options are available. They will be able to also present you with a range of lenders who are happy to accept guarantors.

This is whereby the lender allows a family member to part fund the deposit payment for your home. For example you may provide a 5% contribution and the family member provides the remaining 20% to help you meet the deposit requirements.

Yes. Lenders understand that for first time buyers getting on the property market and saving for a large deposit can be difficult. This is why a guarantor mortgage can be very useful for a first time home buyer.

We would advise you speak with a mortgage broker who will have the experience to assess your needs and help you find how much you can borrow.

Yes. If you dont have a perfect credit record then getting a guarantor who has an excellent credit rating will certainly help improve your chances of getting the mortgage you require. A broker will be best to advise you on what your options are.

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