Notices

  • Savings products - In preparation of the launch of our new and improved Online Service we have temporarily withdrawn online applications for all our savings products. You can still apply for these products by post or in branch. All savings products will be available to apply online from 12 May. We apologise for any inconvenience this may cause.

  • Savings customers: Your 2024 / 2025 Annual Interest Savings Summary are currently being processed and are due to be delivered by 30 April 2025.

  • We’ll shortly be making some changes to our Online Service to make it simpler and easier for you to use.  

    Our new Online Service will have a modern design, improved navigation and many added benefits.  

    Find out more about the changes

  • Mortgage products - On Wednesday 23 April, we made changes to our mortgage product range. These include rate adjustments across our fixed rate products, and an increase to our Owner Occupier Joint Borrower Sole Proprietor maximum LTV to up to 90% (with no additional security required) for loans up to £500,000.

  • Online Service update. Due to planned essential maintenance our Online Service will be unavailable from 6pm until 12am on Wednesday 7 May. Our Online Service will also be unavailable between 5.30pm on Friday 9 May until 9am on Monday 12 May. We apologise for any inconvenience this may cause.

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Joint Borrower Sole Proprietor

A great solution for young borrowers and parents who want help to increase their borrowing capacity.
The mortgage will be secured on your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

What is a Joint Borrower Sole Proprietor (JBSP) arrangement?

A Joint Borrower Sole Proprietor (JBSP) mortgage allows family members to help a borrower secure a mortgage by adding their income to the affordability assessment, without being named on the property deeds. This means the borrower owns the home outright, while the joint borrowers share responsibility for the mortgage repayments.

What are the benefits?

  • You can increase your mortgage affordability and secure a larger loan than you could on your own
  • Even if you're 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
  • You 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.

What is 'Loan to Value'?

This is the size of your mortgage loan divided by the value of your property. For example, if you’re buying a £100,000 property with a £10,000 (10%) deposit, you’ll need a 90% LTV mortgage.

You can see the maximum loan amounts we can offer, depending on the loan to value and the repayment method, for JBSP arrangements below:

 

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


We have a number of mortgage products available. Take a look at our current range of mortgage products below.

Joint Borrower Sole Proprietor case study

Our case studies show how our mortgage products have helped real life customers. Find out how we helped Greg get on the property ladder via our Joint Borrower Sole Proprietor offering.

Helping first time buyers get on the ladder
What Mortgage Awards - Best Guarntor FS Mortgage Lender

JBSP mortgage brochure

Find out more about our JBSP mortgage and how it can work for you.

Download our brochure here

Any questions?

If you have any questions and are unsure what mortgage product would be suitable for you, you can arrange an appointment or speak to a New Business Representative. You can get in touch in the following ways: 

Email us Call us on 03330 140140 Request a call back

With our Joint Borrower Sole Proprietor (JBSP) mortgage, the purchaser owns the property outright, and only their name is on the deeds. However, family members can join as co-borrowers, and their income and financial commitments will be included in the affordability assessment. 
Up to four people can be on a Joint Borrower Sole Proprietor mortgage. That’s two proprietors and up to two joint borrowers.
If you're a first-time buyer purchasing a property worth £425,000 or less, you won’t have to pay stamp duty. The joint borrowers also won’t be liable for stamp duty since they won’t own any part of the property - the purchaser remains the sole proprietor.
With a joint mortgage, all borrowers are legal owners of the property. In a JBSP mortgage, only the sole proprietor is the legal owner, while those supporting act as joint borrowers solely to support affordability.
JBSP is ideal for those moving home, remortgaging, or raising funds for specific purposes like buying out another party to the mortgage or funding essential home repairs.
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.
If the relationship between borrowers breaks down, it may be challenging to remove joint borrowers from the mortgage. Joint borrowers have no legal claim to the property or any increase in its value over time. However, if the sole proprietor stops making payments, the joint borrowers are responsible for the full mortgage amount, and missed or late payments could negatively affect their credit scores. Any payment issues will appear on all parties' credit reports.
Contact our New Business Team on 03330 140140 or by use the Call Me Back form. They’ll go over some basic information with you including how much you would like to borrow and what for. They’ll need to know about your income and outgoings to make sure you can afford the mortgage and they’ll check that the mortgage meets our lending criteria.
Our standard affordability test is used. This includes the committed expenditure of all households, such as council taxes, loans, credit cards, etc. Additionally, mortgage costs and rent will be taken into account for all borrowers, including non-occupying borrowers.


Our mortgage products available for Joint Borrower Sole Proprietor

Filter:
Sort:
Initial interest rate Current follow on rate Overall cost for comparison Repayment or Interest-Only? Max % Loan to Value (LTV) Product fees Additional
benefits

5.19% JBSP 5 Year Fixed Rate to 31/08/2030 (XF1011)
5.19% 7.94% 7.0%APRC
  • Repayment
 80% £0~

£500 cashback for Remortgage applications^

Some key features of this mortgage

  • Purpose - Joint Borrower Sole Proprietor applications for Purchase and Remortgage
  • Loan to Value - Maximum 80%
  • Fixed Rate end date - 31/08/2030
  • Application fee - None
  • 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 - None
  • ^Cashback - £500 for Remortgage applications
  • Early Repayment Charges - 5% until 31/08/2026, 4% until 31/08/2027, 3% until 31/08/2028, 2% until 31/08/2029, 1% until 31/08/2030
  • 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 - 7.0% APRC.

See full details for fee details, documents you'll need, and more.

Take the next step:

See full details See what I could borrow
Ask us to call you back

5.29% JBSP 5 Year Fixed Rate to 31/08/2030 (XF1012)
5.29% 7.94% 7.0%APRC
  • Repayment
 90% £0~

£500 cashback for Remortgage applications^

Some key features of this mortgage

  • Purpose - Joint Borrower Sole Proprietor applications for Purchase and Remortgage
  • Loan to Value - Maximum 90%
  • Fixed Rate end date - 31/08/2030
  • Application fee - None
  • 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 - None
  • ^Cashback - £500 for Remortgage applications
  • Early Repayment Charges - 5% until 31/08/2026, 4% until 31/08/2027, 3% until 31/08/2028, 2% until 31/08/2029, 1% until 31/08/2030
  • Maximum loan - £500,000
  • Minimum Loan - £45,000 for Purchase and Remortgage
  • Cost for comparison - 7.0% APRC.

See full details for fee details, documents you'll need, and more.

Take the next step:

See full details See what I could borrow
Ask us to call you back

5.29% JBSP 2 Year Fixed Rate to 31/08/2027 (XF1007)
5.29% 7.94% 7.7%APRC
  • Repayment
 80% £0~

£500 cashback for Remortgage applications^

Some key features of this mortgage

  • Purpose - Joint Borrower Sole Proprietor applications for Purchase and Remortgage
  • Loan to Value - Maximum 80%
  • Fixed Rate end date - 31/08/2027
  • Application fee - None
  • 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 - None
  • ^Cashback - £500 for Remortgage applications
  • Early Repayment Charges - 2% until 31/08/2026, 1% until 31/08/2027
  • 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 - 7.7% APRC.

See full details for fee details, documents you'll need, and more.

Take the next step:

See full details See what I could borrow
Ask us to call you back

5.39% JBSP 2 Year Fixed Rate to 31/08/2027 (XF1008)
5.39% 7.94% 7.7%APRC
  • Repayment
 90% £0~

£500 cashback for Remortgage applications^

Some key features of this mortgage

  • Purpose - Joint Borrower Sole Proprietor applications for Purchase and Remortgage
  • Loan to Value - Maximum 90%
  • Fixed Rate end date - 31/08/2027
  • Application fee - None
  • 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 - None
  • ^Cashback - £500 for Remortgage applications
  • Early Repayment Charges - 2% until 31/08/2026, 1% until 31/08/2027
  • Maximum loan - £500,000
  • Minimum Loan - £45,000 for Purchase and Remortgage
  • Cost for comparison - 7.7% APRC.

See full details for fee details, documents you'll need, and more.

Take the next step:

See full details See what I could borrow
Ask us to call you back

5.69% JBSP 2 Year Fixed Rate to 31/08/2027 (XF0984)
5.69% 7.94% 7.9%APRC
  • Interest-Only
 60% £599~

£500 cashback for Remortgage applications^

Some key features of this mortgage

  • Purpose - Joint Borrower Sole Proprietor applications for Purchase and Remortgage
  • Loan to Value - Maximum 60%
  • Fixed Rate end date - 31/08/2027
  • 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 31/08/2026, 1% until 31/08/2027
  • Maximum loan - £500,000
  • Minimum Loan - £45,000 for Purchase and Remortgage
  • Cost for comparison - 7.9% APRC.

See full details for fee details, documents you'll need, and more.

Take the next step:

See full details See what I could borrow
Ask us to call you back

6.09% JBSP (1.85% discounted rate from follow on rate) for 2 years (XD0215)
6.09% 7.94% 8.0%APRC
  • Interest-Only
 60% £599~

£500 cashback for Remortgage applications^

Some key features of this mortgage

  • Purpose - Joint Borrower Sole Proprietor applications for Purchase and Remortgage
  • Discount - 1.85% applied to our Managed Mortgage Rate for 2 years
  • Minimum Rate - 4.09%
  • Loan to Value - Maximum 60%
  • 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 - 8.0% APRC.

See full details for fee details, documents you'll need, and more.

Take the next step:

See full details See what I could borrow
Ask us to call you back

6.34% JBSP (1.60% discounted rate from follow on rate) for 2 years (XD0216)
6.34% 7.94% 8.0%APRC
  • Interest-Only
 80% £599~

£500 cashback for Remortgage applications^

Some key features of this mortgage

  • Purpose - Joint Borrower Sole Proprietor applications for Purchase and Remortgage
  • Discount - 1.60% applied to our Managed Mortgage Rate for 2 years
  • Minimum Rate - 4.34%
  • 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 - 8.0% APRC.

See full details for fee details, documents you'll need, and more.

Take the next step:

See full details See what I could borrow
Ask us to call you back

Comparing two mortgage products

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Note that products are subject to additional terms and subject to change. See a product's full details to find out more.