borrowing for a morgage

[dondons]

which Building Society Society will allow parents to act as guarantors for their offspring's motgage and so lend more than they could get on their own. I ask as my son lives in the southeast and doesn't earn enough to get anywhere near getting even a one bedroomed flat. But I read somewhere that he could borrow more if his parents guaranteed the loan.

[smudge]

Be careful with this one! If the bottom dropped out of the market (again) and he ended up with a 'big' negative equity on his property and/or he defaulted on his mortgage payments, you would be liable for any shortfalls. If you can afford to do this then fine, if not be on your guard! I speak from experience!