Joint Borrower Sole Proprietor (JBSP) Mortgages

Our JBSP products are designed to allow family members to help a borrower secure a mortgage by adding their income to the affordability assessment, without being named on the property deeds. 

Mortgages that work for families

OUR JBSP MORTGAGES

The arrangement allows family members to help each other with affordability when applying for a mortgage.

Older borrowers can use the equity in their home to help their children or grandchildren onto, or up, the property ladder. Our same generous terms apply, so supporting borrowers can help their family well into retirement. Alternatively it can be used in reverse so that adult children can use their income to support their parents to enable them to stay in their home for longer.

View our JBSP mortgage product range

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
    • Clients may be able to borrow up to 90% of the property's value through the mortgage, depending on the Loan to Value (LTV) of your mortgage
    • Increase your client's mortgage affordability and secure a larger loan than they could on their own
    • Even if your client's an older borrower, we offer mortgage terms up to the age of 95, taking various retirement income streams into account to support long-term affordability
    • We can also reverse the traditional JBSP arrangement, so that adult children can help their parents with affordability, allowing them to stay in their home for longer.
    • Supporting family members will not be liable for stamp duty on a second home

     

    This arrangement is suitable for:

    • Parents, grandparents, siblings or aunts/uncles helping adult children buy their first home, step up the property ladder or help with renovations
    • Adult children helping their parents borrow in later life.

    We calculate affordability based on an income multiple of x4.5 for all applicants.

    Please ensure your clients read our Joint Borrower Sole Proprietor brochure to understand all the important information about applying for a mortgage with family members.

     

    Maximum LTV and Loan Size

    The maximum LTV is 90% for Owner Occupier and 75% for Buy to Let. Maximum loan size is £1,000,000.

    Loan to value

    Maximum loan amount

    Owner Occupier Capital & Interest Repayment:
    75%£1,000,000
    80%£750,000
    90%£500,000
    Owner Occupier Interest-Only:
    80%£500,000


    An introduction to Family Assisted mortgages

     

    Find out more about JBSP lending

    Listen to our Mortgage Solutions podcast series

      Closer look at JBSP lending

    Read our interviews, articles and watch our podcasts

      FBS education hub

    Client support

    Case study

    Read how Alison was able to help her daughter purchase her first property thanks to our flexible JBSP mortgage product.

    Case study

    Client brochure

    Provide your client all the important information about applying for a mortgage with family members.

      JBSP brochure

    Any questions or need to talk to us?

    For more information please contact you local BDM or our Mortgage Desk.

       Contact Us

     

    JBSP Owner Occupier product range

    For Buy to Let applications, you can use our JBSP arrangement with any of our BtL core product range.

    Sort products by:
    Initial
    Rate    		 Initial
    Rate Ends    		 Follow On
    Rate    		 Max.
    LTV    		 Application
    Fee    		 Product
    Fee    		 Cashback on
    Completion    		 Repayment Interest
    Only    		 FTB

    5.29% JBSP (2.25% discounted rate from follow on rate) for 2 years (XD0233)

    		 Code XD0233
    2 years 7.54% 80% £175* £999~ £500^ Yes No No  
    More details, fees & downloads Criteria A-Z Check affordability DIP Request Illustration Request Contact your BDM Online Application
    • Purpose - Joint Borrower Sole Proprietor applications for Purchase and Remortgage
    • Discount - 2.25% applied to our Managed Mortgage Rate for 2 years
    • Minimum Rate - 3.54%
    • Loan to Value - Maximum 80%
    • *Application Fee - £175 + Valuation Fee
    • Valuation Fees - Free for properties up to £500,000. For properties above £500,000 the standard valuation fee scale applies, less £330 discount
    • ~Product Fee - £999 for loans up to £500,000
    • ^Cashback - £500 for Remortgage applications
    • Early Repayment Charges - 2% in the first year, 1% in the second year
    • Maximum Loan - £500,000
    • Minimum Loan - £45,000 for Purchase and Remortgage
    • Cost for comparison - 7.2% APRC.

    5.64% JBSP 5 Year Fixed Rate to 31/10/2031 (XF1321)

    		 Code XF1321
    31/10/2031 7.54% 80% £0* £599~ £500^ Yes No No  
    More details, fees & downloads Criteria A-Z Check affordability DIP Request Illustration Request Contact your BDM Online Application
    • Purpose - Joint Borrower Sole Proprietor applications for Purchase and Remortgage
    • Loan to Value - Maximum 80%
    • Fixed Rate end date - 31/10/2031
    • *Application Fee - £0
    • Valuation Fees - Free for properties up to £500,000. For properties above £500,000 the standard valuation fee scale applies, less £330 discount
    • ~Product Fee - £599 for loans up to £500,000. For loans above £500,000, 0.3% of the loan amount
    • ^Cashback - £500 for Remortgage applications
    • Early Repayment Charges - 5% until 31/10/2027, 4% until 31/10/2028, 3% until 31/10/2029, 2% until 31/10/2030, 1% until 31/10/2031
    • Maximum Loan - £1,000,000. Loans above £500,000 should be referred to us for specific agreement before submission of an application
    • Minimum Loan - £45,000 for Purchase and Remortgage
    • Cost for comparison - 6.5% APRC.

    5.69% JBSP 2 Year Fixed Rate to 31/10/2028 (XF1317)

    		 Code XF1317
    31/10/2028 7.54% 80% £0* £599~ £500^ Yes No No  
    More details, fees & downloads Criteria A-Z Check affordability DIP Request Illustration Request Contact your BDM Online Application
    • Purpose - Joint Borrower Sole Proprietor applications for Purchase and Remortgage
    • Loan to Value - Maximum 80%
    • Fixed Rate end date - 31/10/2028
    • *Application Fee - £0
    • Valuation Fees - Free for properties up to £500,000. For properties above £500,000 the standard valuation fee scale applies, less £330 discount
    • ~Product Fee - £599 for loans up to £500,000. For loans above £500,000, 0.3% of the loan amount
    • ^Cashback - £500 for Remortgage applications
    • Early Repayment Charges - 2% until 31/10/2027, 1% until 31/10/2028
    • Maximum Loan - £1,000,000. Loans above £500,000 should be referred to us for specific agreement before submission of an application
    • Minimum Loan - £45,000 for Purchase and Remortgage
    • Cost for comparison - 7.2% APRC.

    5.69% JBSP (1.85% discounted rate from follow on rate) for 2 years (XD0235)

    		 Code XD0235
    2 years 7.54% 80% £175* £599~ £500^ No Yes No  
    More details, fees & downloads Criteria A-Z Check affordability DIP Request Illustration Request Contact your BDM Online Application
    • Purpose - Joint Borrower Sole Proprietor applications for Purchase and Remortgage
    • Discount - 1.85% applied to our Managed Mortgage Rate for 2 years
    • Minimum Rate - 3.94%
    • Loan to Value - Maximum 80%
    • *Application Fee - £175 + Valuation Fee
    • Valuation Fees - Free for properties up to £500,000. For properties above £500,000 the standard valuation fee scale applies, less £330 discount
    • ~Product Fee - £599 for loans up to £500,000
    • ^Cashback - £500 for Remortgage applications
    • Early Repayment Charges - 2% in the first year, 1% in the second year
    • Maximum Loan - £500,000
    • Minimum Loan - £45,000 for Purchase and Remortgage
    • Cost for comparison - 7.5% APRC.

    5.74% JBSP 5 Year Fixed Rate to 31/10/2031 (XF1322)

    		 Code XF1322
    31/10/2031 7.54% 90% £0* £599~ £500^ Yes No Yes  
    More details, fees & downloads Criteria A-Z Check affordability DIP Request Illustration Request Contact your BDM Online Application
    • Purpose - Joint Borrower Sole Proprietor applications for Purchase and Remortgage
    • Loan to Value - Maximum 90%
    • Fixed Rate end date - 31/10/2031
    • *Application Fee - £0
    • Valuation Fees - Free for properties up to £500,000. For properties above £500,000 the standard valuation fee scale applies, less £330 discount
    • ~Product Fee - £599 for loans up to £500,000
    • ^Cashback - £500 for Remortgage applications
    • Early Repayment Charges - 5% until 31/10/2027, 4% until 31/10/2028, 3% until 31/10/2029, 2% until 31/10/2030, 1% until 31/10/2031
    • Maximum Loan - £500,000
    • Minimum Loan - £45,000 for Purchase and Remortgage
    • Cost for comparison - 6.6% APRC.

    5.79% JBSP 2 Year Fixed Rate to 31/10/2028 (XF1318)

    		 Code XF1318
    31/10/2028 7.54% 90% £0* £599~ £500^ Yes No Yes  
    More details, fees & downloads Criteria A-Z Check affordability DIP Request Illustration Request Contact your BDM Online Application
    • Purpose - Joint Borrower Sole Proprietor applications for Purchase and Remortgage
    • Loan to Value - Maximum 90%
    • Fixed Rate end date - 31/10/2028
    • *Application Fee - £0
    • Valuation Fees - Free for properties up to £500,000. For properties above £500,000 the standard valuation fee scale applies, less £330 discount
    • ~Product Fee - £599 for loans up to £500,000
    • ^Cashback - £500 for Remortgage applications
    • Early Repayment Charges - 2% until 31/10/2027, 1% until 31/10/2028
    • Maximum Loan - £500,000
    • Minimum Loan - £45,000 for Purchase and Remortgage
    • Cost for comparison - 7.3% APRC.

    6.14% JBSP 2 Year Fixed Rate to 31/10/2028 (XF1327)

    		 Code XF1327
    31/10/2028 7.54% 80% £175* £599~ £500^ No Yes No  
    More details, fees & downloads Criteria A-Z Check affordability DIP Request Illustration Request Contact your BDM Online Application
    • Purpose - Joint Borrower Sole Proprietor applications for Purchase and Remortgage
    • Loan to Value - Maximum 80%
    • Fixed Rate end date - 31/10/2028
    • *Application Fee - £175 + Valuation Fee
    • Valuation Fees - Free for properties up to £500,000. For properties above £500,000 the standard valuation fee scale applies, less £330 discount
    • ~Product Fee - £599 for loans up to £500,000
    • ^Cashback - £500 for Remortgage applications
    • Early Repayment Charges - 2% until 31/10/2027, 1% until 31/10/2028
    • Maximum Loan - £500,000
    • Minimum Loan - £45,000 for Purchase and Remortgage
    • Cost for comparison - 7.5% APRC.

    All of these mortgage products have limited funds available and may be withdrawn at any time. Our mortgages are available to applicants aged 18 and over for properties in England or Wales.

     

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