We know that sometimes a customer may need a hand to get onto the property ladder. With our range of mortgages, we will allow a family member to guarantee the mortgage debt. This means that if the buyer misses their mortgage repayments, the guarantor will have to cover them.
The buyer to borrow up to 80% of a property's value. A family member must then guarantee the amount borrowed and if the buyer cannot pay the mortgage payment, the guarantor will be expected to make the payment. We do not ask that the family member guaranteeing the mortgage offers their own property as collateral against the property. However, the guarantor must be able to demonstrate that they can afford to meet the monthly repayment from their own income. This means that, in the worst case scenario, a guarantor could lose their home to cover the debt. But if no repayments are missed, it won't cost the guarantor a thing.
All our residential mortgage products are available for Guarantor mortgages up to 80% LTV maximum.
Please contact your local mortgage manager today for more information.
Alternatively, please complete the call me back page and one of our mortgage managers will contact you.
Carmarthen Branch
13-14 Lammas Street,
Carmarthen SA31 3AQ
Tel: 01267 611950
Fax: 01267 611951
Cowbridge Branch
75 High Street,
Cowbridge CF71 7AF
Tel: 01446 506000
Fax: 01446 506001
Mumbles Branch
496 Mumbles Road,
Swansea SA3 4BX
Tel: 01792 739200
Fax: 01792 739201
Swansea Branch
1-4 Portland Street,
Swansea SA1 3DH
Tel: 01792 739100
Fax: 01792 739101
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