Guarantor mortgages

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What is a guarantor mortgage?

A guarantor mortgage is where someone else agrees to pay for your mortgage if you can’t.

You might need a guarantor mortgage if you’re on low income, have a bad credit history, or can’t save a lot of money for a deposit. A lot of people who choose the guarantor route do so because they have a poor credit rating. But it’s important to remember that you can get a mortgage without a guarantor, even with bad credit. You just need to find the right lender

Having a guarantor means that you’re more likely to be accepted for a mortgage. You could even borrow more than you would on your own, or unlock the lower interest rates.

It’s not a joint mortgage - your guarantor won’t own any portion of your home, they’re just agreeing to pay if you can’t. Their name will be on the legal documents but they won’t have any stake in the property. 

A mortgage lender will need to secure your mortgage against your guarantor’s home or their savings. This means they can repossess your guarantor’s home if your mortgage doesn’t get paid. Because of this risk, it’s a good idea to get advice from a mortgage broker (like us!) before applying for a guarantor mortgage.

Got questions?

Why might I need to take out a guarantor mortgage?

Who can be my guarantor?

What is expected of a guarantor?

What are the benefits of a guarantor mortgage?

What credit score does my guarantor need?

Is my guarantor a joint owner of my property?

Do I need a smaller deposit if I have a guarantor?

Can my guarantor be removed from the mortgage at a later date?

What bad credit issues can a guarantor mortgage be suitable for?

Should I improve my credit score before applying for a mortgage?

How can I improve my credit score before getting a mortgage?

Why use Haysto?

We get how it feels when you’re refused a mortgage. We’ve been there. Haysto exists because the mortgage world is broken. If you don’t have a shiny credit rating, you’re self-employed with a complex income, or just don’t fit the mould, the odds are completely stacked against you. We just don’t think that’s fair.

Read our story

We help when others won’t

Unlike others, we only work on bad credit, self-employed and complex mortgages. That’s all we do. And we’re up for a challenge.


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Applying for a mortgage or understanding your options shouldn't be confusing, yet there are just so many myths doing the rounds and it's not easy to know where to turn to get the right advice.

Get connected to a specialist guarantor mortgage broker who can make a mortgage possible for you.

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