Return to the Mortgage Glossary Home to view explanations for all mortgage terms. What follows is the definition for the term Guarantor as it relates to mortgages in the UK. GuarantorIf a mortgage provider is not prepared to offer you sufficient money to pay for the home you wish to purchase, then they may be prepared in some instances to lend you more if you have a Guarantor. A Guarantor is someone who is prepared to put their name on your mortgage application and basically guarantees to meet the mortgage repayments if you are unable to. This is typically used by first time buyers where one or more parents puts their name to the mortgage so support the purchase
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