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Not many lenders at all doing guarantor mortgages at the moment.
You have several lenders doing joint mortgage sole proprietor mortgages, which is mainly to allow another person on the mortgage to add their income to the affordability, but keep them off the deeds, as this may incur stamp duty considerations.
You may also be referring to family deposit mortgages which some lenders did where the family would offer a charge over their home or savings/investments to offset a smaller (or 0%) offered by the children buying.
Acliff
bobble
Realise these are 2x questions for a mortgage broker but would really appreciate any bank holiday weekend advice please as can't chat to one...
Is a having a guarantor on your mortgage purely to help if you lack deposit or are struggling to get approved, or can you use them to borrow more than a multiple you have been offered (say 4.5x instead of 4x) offered to you?
If you get a further advance say 2 years into a 5 year fix, would you current lender offer you a similar rate and you'd have like a second mini monthly mortgage you'd renconile as one at the end of the 5 years? Or do they shaft you? Guessing can't go elsewhere for it by definition of a 'further advance'