Mortgage Works launches guarantor products range
The Mortgage Works has unveiled a new range of guarantor mortgage products, which includes unique limited liability options for those wanting to guarantee a small proportion of a loan.
To qualify for this deal, applicants must be able to meet 70 per cent of the loan amount, the shortfall plus a further ten per cent tolerance.
A total of five mortgages are available via this route, with interest rates varying between 2.99 per cent and 6.24 per cent.
There are also full liability options for those able to provide support for the entire mortgage.
These include a two-year fixed-rate mortgage with two per cent arrangement fees, which is available up to 75 per cent loan-to-value (LTV), and a two-year tracker with a rate of 2.49 per cent.
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