Parent Guarantor Mortgage

Can parents be guarantors for a mortgage? Can you use your parents as a guarantor?

Certainly. There are lenders who can use parents as guarantors to help boost your borrowing. It is important to note, though, that lenders will be taking into account not only your parents’ income, but their expenditure as well.

Nonetheless, it’s a viable option to explore – it’s actually quite common these days.

Is it easier to get a guarantor mortgage with your parents?

This will depend heavily on the parents’ circumstances. In some instances, it could help you to get a mortgage, but if your parents have quite a few financial commitments of their own, that may not be the case.

I’d always advise anyone to reach out to us if they are unsure about whether their parents could help them get a mortgage. One of our advisors would be happy to take a look and let you know.

Is there an age limit for parents as mortgage guarantors?

At the time of recording in September 2025, lenders typically have a maximum age of 75 to accept earned income from employment or self-employment. Some lenders can go to age 80 if it’s a non-manual role.

But if you’re looking to use non-earned income like pensions and rental income, lenders can look beyond age 80. Every lender has different criteria around what they require based on the income type.

After assessing your circumstances, your advisor can confirm which lender is best suited for you and your specific needs.

What are the risks to parents of being a guarantor on a mortgage?

Everyone wants to focus on the positives, but it’s important to look at this side of things as well. You need to know exactly what you’re entering into.

The main risk really is that the parents are liable for the mortgage debt, without actually having any ownership of the property it’s secured against.

If the main borrower were to miss any mortgage payments, that would be marked against the parents’ credit files as well. It would likely impact their ability to obtain credit in the future and affect their credit score.

That’s why lenders require all guarantors to obtain independent legal advice with a solicitor, to ensure that they’re fully aware of all the risks.

Do parents and child both need good credit for a guarantor mortgage?

In an ideal world, it would help if all the applicants had a good credit history and credit score. But if not, it’s not necessarily a deal breaker. There are options available depending on the type of adverse credit. As we’ve discussed before, bad credit is a broad term.

The best thing to do would be to speak with an advisor. We will look at your credit file and provide you with the most accurate advice on your options.

Can a parent and child get a guarantor mortgage with a gifted deposit? Do you need a deposit for a guarantor mortgage?

Yes. You can still use a gifted deposit for a guarantor mortgage, whether it’s coming from the parent guarantors or from others.

You do still require a deposit for a guarantor mortgage. At the time of recording in September 2025, there aren’t any lenders who allow a 0% deposit for guarantor mortgages.