Boost your borrowing power
We can consider up to four incomes, helping you borrow more to get on, or move up, the property ladder.
If you’re looking to buy a home but your income isn’t quite enough, a Joint Borrower Sole Proprietor (JBSP) mortgage could help. Don’t worry about the long name, it simply means you can add other people to your mortgage to boost your borrowing power.
A Joint Borrower Sole Proprietor (JBSP) mortgage allows one or more family members or friends to support your application by having their income taken into account, potentially helping you borrow more. They won’t have legal ownership of the home, but their support can make a big difference in getting you on the property ladder. It is a joint mortgage, so all borrowers will share the legal responsibility for paying it back.
We can consider up to four incomes, helping you borrow more to get on, or move up, the property ladder.
Once your deal period ends and you can afford the mortgage alone, additional borrowers can be removed (subject to checks).
Extra borrowers aren’t named on the deeds, so first-time buyer stamp duty relief and your tax position stay the same.
What JBSP mortgages are available?
We offer JBSP options across our residential mortgage range. If you're interested in using JBSP with a different type of mortgage, please get in touch.
Can the joint borrowers be friends instead of family?
Anyone who meets our eligibility criteria is welcome. That means that both friends and family can give you a helping hand.
Can the additional borrowers be retired?
Yes, subject to affordability, we accept income from retired applicants.
Can the additional borrowers live in the property?
The additional borrower(s) can live in the property even if they aren't named as the legal owner. The main applicants must live in the property.
Can a JBSP mortgage be used for remortgaging an existing property?
Yes, in some cases. If the property is already owned and affordability is tight, a JBSP mortgage can be used to remortgage.
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BRANCH FINDERIf you're looking to get on the property ladder or purchase your next home, please get in touch. We’re on hand to discuss your mortgage plans either in branch or over the phone.
You can discover our range of mortgages here.
