Ask the Specialist

Capital Fortune are asked to help clients on a daily basis, whether it be with a new purchase, remortgage, buy to let or something more unusual. We typically help clients with non-standard, unusual or complex situations and have created this section to allow you to ask our team of specialists any question you may have. Feel free to browse the list of questions and responses. Please note we provide information only in response to the questions posed and not advice. If you do seek advice then feel free to speak to one of our Advisers by calling 0207 710 0400 or send us an enquiry online and one of our Advisers will call you back.

Guarantor Mortgage for Student Brother

on 17 November 2016.

Hi, I have property (value at £380K) in U.K., and annual gross salary of £ 55K with an international organisation where I work since 2008. Can I use myself and my own property as guarantor for my younger brother's mortgage?

My brother is buying a one-bed room flat in London whilst he will be studying his PhD Degree in university, he is currently running a company registered in China.

Thank you for your help

Pauline


Ask the Specialist response:

Hi Pauline

Thank you for your email.

Typically, we assist a number of clients in similar situations to you and your brother. Providing that you have the equity in your property in the UK, some of our lending partners are prepared to look at this as collateral, providing that your income combined with other debts you may have can afford the new loan as well.

Unfortunately, we would not be able to use any of your brother's income for affordability if the company is registered in China, however, if your income would support both properties and mortgages at the same time then it may be something that we can explore on your behalf.

I'd recommend speaking to one of our Advisers on 02077100400 or send us an enquiry online and one of our Advisers will call you back.

Capital Fortune