Guarantor Mortgage

By Justin Whitelock

Founder of Mortgage London (a trading style of City Finance Brokers Limited, authorised and regulated by the Financial Conduct Authority, FCA No. 766295)

A mortgage where another person agrees to support the application and may become legally responsible if the borrower cannot meet the payments.

Related glossary terms

Expat Buy-to-Let

A buy-to-let mortgage for expatriates, evaluated through specialist criteria considering overseas residence and foreign income factors.

Transfer of Equity

The process of adding someone to, or removing someone from, the legal ownership of a property without selling the whole property on the open market.

Special Purpose Vehicle (SPV)

A limited company set up specifically to hold property investments rather than carry on a wider trading business.

Arrangement Fee

A charge by some lenders for setting up a mortgage product, either paid upfront or added to the loan amount, affecting overall cost calculations.