Upside Down Mortgage

Mortgage Default Uk

Question: Mortgages (U.K) - guarentor mortgage - calling anyone who knows!?

My partner currently has a mortgage in the UK and has done for a good few years. We are now looking to move in London and my parents think I should go on the mortgage with him which I can afford. The only issue is that I am a contractor in a professional role with a steady market of contract roles however I dont think any mortgage company would give me a joint mortgage because I dont have a 'steady' permanent income (which is only true in theory as I have had no problems going from one contract to another and earn pretty well). My partners current mortgage company said that they would probably look at me if I was a self employed plumber or electrician as there is always work! A solution may be that my father has said that he would be a 'guarentor' for me and would accept liability to pay the mortgage if I defaulted. Does anyone know if any mortgage companies would do this and allow the 2nd person to have a guarentor but be named as the mortgage? Help appreciated! Thanks!

Answer: most banks and building societies should now offer this type of mortgage, normally theyn will ask for a 10-20% deposit

Abbey, Natwest, Halifax, Lloyds. - Newcastle building society seems to have one that seems quite good. Speak to an IFA -

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