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Can you buy a home with no deposit? In this episode, we explain guarantor loans and how they help home buyers with no deposit. You'll learn how a guarantor loan works, the benefits, and who can be a guarantor. We'll also discuss when and how to remove the guarantor.

In this podcast, you'll learn:

👉 What is a guarantor loan? (and how it works!)
👉 Benefits of using a guarantor loan (say goodbye to Lenders Mortgage Insurance!)
👉 How much can you borrow? (it might surprise you!)
👉 Who can be a guarantor? (parents aren't the only option!)
👉 How to remove your guarantor (3 ways to get them off the hook!)

Thinking a guarantor loan could be your ticket to homeownership? Get in touch with The Mortgage Chat today for a free consultation! We can help you find the best guarantor loan option for your situation.

Don't forget to like, share, and subscribe for more episodes packed with expert insights and industry updates!

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CHAPTERS:

00:00 - What is a guarantor loan?
01:05 - Can I get a guarantor loan with no deposit?
01:09 - Can I borrow 100% of the purchase price and costs with a guarantor loan?
01:14 - Do I need to pay lenders mortgage insurance with a guarantor loan?
01:34 - Can I purchase a property faster with a guarantor loan?
01:59 - Are guarantor loans only for first-time buyers?
2:27 - Can I use a guarantor loan for an investment property?
03:06 - How do guarantor loans work?
03:08 - How much can I borrow with a guarantor loan?
03:56 - Example: Loan + security = property purchase (How does this work?)
05:14 - How can I remove the guarantor from the loan?
05:21 - What are the 3 scenarios for removing a guarantor?
05:55 - Example: Loan reduction & property value increase (How does this scenario work for removing a guarantor?)