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Guarantor mortgages

A guarantor mortgage is for customers who don’t have enough income to qualify for a mortgage on their own. The guarantor provides a guarantee that they will repay the amount borrowed if the borrower does not repay their agreed payments.

Mortgages that apply

Guarantors may be used for:

  • New mortgages for house purchases.
  • Remortgages, provided past payment history shows a perfect payment record.
  • Change of borrower.

To apply with a guarantor

The guarantor must:

  • be a close family member or have a close long-term relationship with the borrower
  • live in the UK
  • have their income paid in sterling into a UK bank account
  • not reach their 75th birthday before the end of the mortgage term.

You must be applying for a mortgage with a Loan to Value (LTV) of up to 85% of your property’s value.

Information:

Providing a guarantor does not necessarily make a mortgage application acceptable if it has been declined for other reasons.

About guarantors

It's not currently possible to apply for a mortgage with a guarantor online.

Guarantors must get independent legal advice. This must be confirmed in writing to Nationwide by an independent solicitor before the case completes.

This is because they can only be released from their responsibility when the borrower is in a position to cover the entire mortgage or if the loan is repaid in full.

If there are any important changes in circumstance for either the borrower or the guarantor, such as unemployment, you must notify Nationwide right away as this will change the basis for the loan.

How to apply

Over the phone or video call

Call us to set up a meeting over the phone with one of our mortgage advisers. They will be able to talk you through your options and make recommendations based on your individual needs.

You have the option of a video call if you prefer to have a face-to-face meeting with our mortgage advisers.

For video call appointments, you’ll receive an email with details of what you’ll need and how to join the video call.

Monday to Friday, 8am to 6pm.
Saturday 8:30am to 4pm.
Closed Sundays and bank holidays.

0345 609 25 30

Important:

Think carefully before securing other debts against your home. Mortgages are secured on your home. You could lose your home if you do not keep up payments on your mortgage. Mortgages are subject to underwriting and criteria. Minimum age 18, UK residents only.