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Line 9: === Guarantor mortgages === Popular with young borrowers who dod o not have a large deposit saved and need to borrow up to 100% of the property value to purchase a property.{{citation needed\|date=March 2017}} Generally, their parents will provide a guarantee to the lender to cover any shortfall in the event of default.{{citation needed\|date=March 2017}} There are three main types <ref>{{Cite web\|url=http://www.which.co.uk/money/mortgages-and-property/mortgages/guides/types-of-mortgage/guarantor-mortgages\|title=Guarantor mortgages - Which?\|website=www.which.co.uk\|language=en\|access-date=2017-03-13}}</ref>

Loan guarantee: Difference between revisions