Guarantor Remortgage

Guarantor Remortgage - Guarantor remortgage products allow a close relative the guarantor to guarantee remortgage payments. Although guarantor mortgages are often sought by first time buyers with parental support, guarantor remortgages may be relevant to borrowers who are older. In this case, the guarantor is most likely to be offspring. A guarantor remortgage is a serious undertaking for the guarantor, as they are legally bound to cover arrears.

Alternatively, a guarantor remortgage can refer to a remortgage of a guaranteed finance package. In this case, an individual who originally secured their mortgage with a parental guarantee may want to remortgage to find a better rate. The parent(s) may guarantee the remortgage to allow continued access to favourable rates. It may also increase the chances of securing a remortgage with lenders still risk averse since the credit crunch.

We recognise that there are a variety of needs and requirements for our guarantor remortgage clients. As a result, we offer bespoke advice that is designed around your financial circumstances. Our brokers’ substantial experience in helping our clients secure guarantor remortgage packages means we have the knowledge and experience needed to secure the best deal for you. We are a whole of market broker and have industry contacts at a range of lenders. This allows us to put you, the customer, first and obtain deals that may not be available on the High Street. We can also help reduce the potential stress caused by your guarantor remortgage.

If you need any assistance why not speak to one of our Mortgage Advisers by calling 0845 3 630 430 or Enquire Online.

If you would like to save time, money and hassle when securing your guarantor mortgage, call us today.