Yes, they can. But it doesn’t necessarily have to be one of your parents – any family member or close friend who is happy to act as a guarantor to help you get a 95% mortgage.
As a guarantor, they’ll be taking huge financial responsibility, as they will have to cover the costs of your debt if you can’t pay back the loan yourself. However, a guarantor mortgage can help you access better deals and interest rates. Read our page for more on guarantor mortgages.