Joint Borrower Sole Proprietor

A Joint Borrower Sole Proprietor product can help to get your client on the property ladder by allowing a family member assist with affordability.

We have a JBSP Affordability Calculator to help you establish how much the occupier and supporter can borrow.

First Time Buyers only
Free valuation fees
Minimum age 21
Repayment only
Max LTV 95% inclusive of fees
Minimum loan size: £100,000
Maximum loan size: £500,000
Maximum of 2 owner borrowers
Maximum of 1 supporting borrower
The maximum age of the Supporter at application is 70 years
The supporting borrower must be a close family member*
The supporting borrower must be the last-named applicant
The owner borrower(s) must meet affordability to cover a minimum of 70% of the total loan borrowed
The supporting borrower must meet affordability on the shortfall, up to a maximum 30% of the total loan borrowed
All borrowers will be jointly and severely liable for the monthly mortgage payments and the total amount borrowed
All borrowers must declare their current financial commitments
All borrowers must include their own personal and household expenditure
The supporting borrower must be residing in the UK
Supporting borrower to receive independent legal advice
The supporting borrower cannot live in the property
The supporting borrower will not be named on the title deeds
Applicants cannot own any other property at the time of completion (this does not apply to the supporting borrower)
For joint applications, one applicant must be a First Time Buyer. If the second applicant is not a First Time Buyer, they must not have another mortgage outstanding at the time of the application

*Close family member defined as one of: