Family First Guarantor National Counties Building Society mortgage offered.
A National Counties Building Society mortgage may be the solution if you are having difficulties saving a deposit for your new home.
They offer a Family First Guarantor mortgage, which works by a close relative acting as guarantor for some of your borrowing on your mortgage.
As many first time buyers are struggling to raise the required deposit for a property, this is where a family can help, you can then go on to manage the mortgage repayment side adequately.
With a National Counties Building Society mortgage of this type, a relative will be required to act as guarantor and provide security, the lender will then have a charge over the guarantor's home.
At Deal Direct we can advise you of how these Family First Guarantor mortgages work and find the lender who offers the best deal. As we cover the whole of the mortgage market our experts can competently find the best mortgage deal for you and your circumstances.
As the lending criteria for this type of mortgage can vary greatly and appear quite complicated we recommend you contact us. We can guide you through the documentation with ease.
With the National Counties Building Society mortgage the guarantor will be liable for any mortgage repayments that are defaulted on and this liability would be secured on their main residence. This provides the lender with the right to ensure the mortgage is paid with the guarantor's collateral.
Neither party should enter into this type of mortgage lightly. Deal Direct are available to assist you with impartial and unbiased advice on this type of product.
