Family Assisted
When your client is purchasing their first property, we understand that both you and your client will want the process to be as easy as it can. Whether your client's a first or last time buyer, our Joint Borrower Sole Proprietor makes it easier for their family to help them onto, or up, the property ladder.
Please note: the Family Mortgage has been temporarily withdrawn and isn't available for new applications at the moment. If you have any questions regarding the Family Mortgage, please contact our Mortgage Desk.
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
- 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 – they will be listed on the mortgage but will not own the property
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 is based on an income multiple of x4.5 for all applicants.
The maximum LTV is 90% for Owner Occupier and 75% for Buy to Let.
Maximum loan size is £1,000,000.
Owner Occupier Capital & Interest Repayment
Loan to value | Maximum loan amount |
| 75% | £1,000,000 |
| 80% | £750,000 |
| 90% | £500,000 |
Owner Occupier Interest-Only
Loan to value | Maximum loan amount |
| 80% | £500,000 |
For further information please read our JBSP brochure.
View our JBSP Owner Occupier product range
For Buy to Let applications, you can use our JBSP arrangement with any of our BtL core product range.
Check affordability and complete a DIP request
Affordability Calculator Owner Occupier DIP request
Ready to submit an application?
AN INTRODUCTION TO FAMILY ASSISTANCE
Criteria checker
Can we help your client? Use our tool to find out.
Simply type your criteria to see our levels of acceptance and flexibility.
Your Local BDM:
Sam Morrison
Your Local BDM:
Neil Cadwallader
Your Local BDM:
Stuart Heavens
Your Local BDM:
Amar Mashru
Your Local BDM:
Arif Kara
Your Local BDM:
Nathan Waller
Your Local BDM:
Grace Bennett
Your Local BDM:
Gina England
Your Local BDM:
Paul Roberts
We do not currently have a BDM covering your area. Please contact our Mortgage Helpdesk:
- 01372 744155
- 01372 745607
- mortgage.desk@familybsoc.co.uk
Opening hours: Monday - Friday: 9am - 5.30pm. Saturday: Closed
We may record any telephone calls we have with you in the interest of staff training, monitoring customer service or for security purposes.