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?


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.



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.

You are currently offline. Some pages or content may fail to load.