Mortgage with Overseas Guarantor

Answered on 21 November 2017 by Nick Morrey

My cousin is a British citizen living in Dubai for the last 4 years. he is an employer of a British company (Dubai section). Would he still be able to be the mortgage guarantor as I am going to purchase a property (first time buyer)?

I am only aware of one lender who will, in exceptional circumstances, consider accepting a guarantor who lives abroad. 

Guarantor Mortgages

A guarantor personally covenants to the Lender that they will ensure that mortgage payments are made in full and on time and also, in the event of a loss on repossession, can be pursued for any outstanding money as they had been the borrower themselves. You will appreciate that this can be very difficult for the lenders to enforce if the guarantor lives overseas.

I believe we can help you and that you would benefit from speaking to one of our independent mortgage advisers. Please call 0344 346 3672 and they will then be able to advise you on your situation.

Answers provided in response to Ask the experts are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them.

We recommend you seek professional advice with regard to any of these topics where appropriate.


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