First Time Buyer / Family support

We are built on helping borrowers make the most of their circumstances using a more personal approach, particularly across family generations. 

FAMILY MORTGAGE

With our Family Mortgages for First Time Buyers (FTBs) your clients can:

• borrow up to 95% LTV on their first property with our 5 year fixed rate.
• include family members' savings and/or property as security
• include family members' savings as security in an offset account to reduce the amount of the mortgage on which interest is charged
  

For peace of mind we include six months unemployment cover from mortgage completion, subject to terms and conditions.

For further information please see our Family Mortgage brochure or visit our Family Mortgage product page.

We appreciate some FTB clients may not require additional family support for their mortgage, and for those we offer a variety of fixed and variable rate mortgages with a maximum 80% LTV.  For more information please see our Owner Occupier mortgages.

Joint Borrower Sole Proprietor (JBSP)

Our JBSP products are designed to enable family members to help support each other with affordability when applying for a mortgage. One or two owners, plus up to two family members, can join the mortgage to support the borrower.

Benefits of JBSP:

• Up to four incomes can be used for affordability - one or two borrowers (who will own and occupy the property) can be supported by up to two other family members
• Supporting family members will not be liable for stamp duty on a second home – they will be listed on the mortgage but will not own the property.

This arrangement is suitable for:

• Adult children helping their parents borrow in later life
• Parents, grandparents, siblings or aunts/uncles helping adult children buy their first home, step up the property ladder or help with renovations
• Couples with a Buy to Let property where the owning partner does not have sufficient income of their own.

The maximum LTV is 80% for Owner Occupier and 70% for Buy to Let.

Maximum loan size is £500,000.

For further information please read our Joint Borrower Sole Proprietor customer brochure. 

View our JBSP Owner Occupier product range.

For Buy to Let applications, you can use our JBSP arrangement with any of our core product range. Please contact us for more information.

For further information about these mortgages please contact your dedicated Business Development Manager or our Mortgage Desk.