Joint Borrower Sole Proprietor

Our Joint Borrower Sole Proprietor range can help borrowers in a number of circumstances, by allowing a family member to assist with affordability.
This could be as a first step onto the property ladder, to support changes in borrower circumstances, who are looking to remortgage an existing home or to move into a new home.
The maximum term is determined based on the age of the owner occupier(s) only and supporting borrowers are accepted up to 70 years at application.

Who is this product suitable for?

• Borrowers looking to utilise family support to improve affordability 
• First Time Buyers
• Existing Homeowners looking to move house or remortgage their existing property

Product Details

• Repayment only
• Free valuation
• Maximum Loan size: £3,000,000 up to 80% LTV, £1,000,000 up to 90% LTV, £500,000 up to 95% (FTBs only)
• Product fees can be added up to 95% LTV maximum
• Maximum of 2 owner occupiers
• Maximum of 2 supporting borrower
• Maximum term is determined based on the age of owner borrowers only
• Overpayments of up to 10% per annum of the original loan amount are allowed without penalty

Additional Details

• The owner occupier(s) must meet affordability to cover a minimum of 70% of the total loan borrowed
• The supporting borrower(s) must meet affordability on the shortfall, up to a maximum 30% of the total loan borrowed
• The maximum age of the Supporter at application is 70 years
• The supporting borrower(s) must be a close family member
• The supporting borrower(s) must be the last-named applicant(s)
• The supporting borrower(s) cannot live in the property
• For joint applications on a FTB exclusive product, one applicant must be a First Time Buyer.