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Can our son be our guarantor?

Posted on 19 December 2012 by Dennis


My wife and I are 60 receiving private pensions and working. Our salaries are not quite enough for the mortgage we need. Can our son, who owns a property and has a small mortgage be a third party on the mortgage we need but still retain his own mortgage?

Dennis,

Subject to your case meeting the requirements of the lender, it is certainly possible to look at using your son as a guarantor for your mortgage.  Each lender has a slightly different way of looking at these situtaions, so if you'd like to talk through your options , please let me know and I'll arrange for one of our consultants to contact you.

Regards,

Simon

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