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Joint Mortgage Sole Owner

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 Mortgage Sole Owner (JMSO) arrangement?

Our JMSO arrangement allows family members (parents and adult children) to support each other with affordability when applying for a mortgage.

  • Up to two occupying owners can live in the property and
  • Up to two family member(s) can support the occupying owner(s).

Supporting family members will be listed on the mortgage but will not own the property.

 

Our JMSO arrangement allows family members (parents and adult children) to support each other with affordability when applying for a mortgage. Up to two occupying owners can live in the property and up to two family member(s) can support the occupying owner(s).

A JMSO arrangement is ideal for:

  • First time buyers, or young borrowers wanting to step up the property ladder, allowing them to combine their income with their parents' income to maximise their mortgage, yet keeping sole ownership of the property.
  • Adult children assisting their parents, which is increasingly important as more people find they need to continue borrowing past retirement.
  • Couples with a Buy to Let property where the owning partner may not have sufficient independent income of their own.

    Read more information about our JMSO arrangement and how it works or contact our friendly team:


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Our JMSO arrangement lets up to two family members to support the mortgage of one or two owners, who will occupy the property. 

We allow up to two owner occupiers and up to two non-owning borrowers on a JMSO mortgage (so up to four people in total will appear on the mortgage).

We call family members ‘non-occupying borrowers’ who will contribute to the repayment of the mortgage and be included on the mortgage but will not benefit from ownership of the property nor reside in it.

In most cases we will initially establish the non-occupying borrowers’ net monthly income. We will then add this figure to the occupying owners’ income to confirm the total loan amount available. All individual borrowers will be responsible for their share of the payment of the mortgage, even if their personal circumstances changes. This means if the occupying owner is unable to make their mortgage payments, the non-occupying borrowers are liable for the repayments. If they can't afford to pay the full amount, then the property is at risk of being repossessed. As they are not legal owners, they also potentially won't be entitled to recover any of that money on the sale of the house.

We must review any enquiries before you submit an application to ensure you are eligible.

Download our JMSO brochure for more information.

Do you need our help?

For more information our friendly and helpful New Business Team can help guide you through your options.

   Ask us to call back  Email us


You can view all our mortgage products below or select two to compare side by side. Then see their full details.

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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

2.69% 2 year fixed rate JMSO

2.69% 4.39% 4.2%APRC
  • Repayment
60% £999~ £500 cashback for remortgages^

Some key features of this mortgage

  • Purpose - Joint Mortgage Sole Owner applications for purchase, remortgage, product switch and further advance. Also available for product switch and further advance for existing guarantor mortgages.
  • Loan to Value - Maximum 60%
  • Application Fee - £175 + Valuation Fee for purchase and remortgage. See ‘more downloads’ for product switch and further advance fees.
  • Valuation Fees - Free for properties up to £500,000. For properties above £500,000 the standard valuation fee scale applies, less £330 discount. See ‘more downloads’ for product switch and further advance fees. 
  • ~Product Fee - £999 for loans up to £500,000. See ‘more downloads’ for product switch and further advance fees.     
  • Maximum loan - £500,000.
  • Minimum loan - £45,000 for purchase and remortgage. £2,000 for further advance. No minimum for product switches.
  • Additional benefits:
    - ^Cashback
    - £500 cashback on completion for remortgage applications
  • Early Repayment Charges -  2% until 30/09/2022, 1% until 30/09/2023 
  • Additional criteria – The mortgage must complete by 01/11/2021

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

2.94% 2 year fixed rate JMSO

2.94% 4.39% 4.2%APRC
  • Repayment
75% £999~ £500 cashback for remortgages^

Some key features of this mortgage

  • Purpose - Joint Mortgage Sole Owner applications for purchase, remortgage, product switch and further advance. Also available for product switch and further advance for existing guarantor mortgages.
  • Loan to Value - Maximum 75%.
  • Application fee - £175 + Valuation Fee for purchase and remortgage. See ‘more downloads’ for product switch and further advance fees.
  • Valuation fees - Free for properties up to £500,000. For properties above £500,000 the standard valuation fee scale applies, less £330 discount. See ‘more downloads’ for product switch and further advance fees. 
  • ~Product fee - £999 for loans up to £500,000. See ‘more downloads’ for product switch and further advance fees.
  • Maximum loan  - £500,000.
  • Minimum loan - £45,000 for purchase and remortgage. £2,000 for further advance. No minimum for product switches.
  • Additional benefits:
    - ^Cashback
    - £500 cashback on completion for remortgage applications
  • Early Repayment Charges -  2% until 30/09/2022,1% until 30/09/2023
  • Additional criteria – The mortgage must complete by 01/11/2021

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

3.09% 3 year discounted rate by 1.30% JMSO

3.09% 4.39% 4.2%APRC
  • Interest-Only
60% £999~ £500 cashback for remortgages^

Some key features of this mortgage

  • Purpose - Joint Mortgage Sole Owner applications for purchase, remortgage, product switch and further advance. Also available for product switch and further advance for existing guarantor mortgages.
  • Discount - 1.30% applied to our Managed Mortgage Rate for 3 years
  • Minimum rate - 2.99% 
  • Loan to Value - Maximum 60%
  • Application Fee - £175 + Valuation Fee for purchase and remortgage. See ‘more downloads’ for product switch and further advance fees.
  • Valuation Fees - Free for properties up to £500,000. For properties above £500,000 the standard valuation fee scale applies, less £330 discount. See ‘more downloads’ for product switch and further advance fees. 
  • ~Product Fee - £999 for loans up to £500,000. See ‘more downloads’ for product switch and further advance fees.
  • Maximum loan - £500,000.
  • Minimum loan - £45,000 for purchase and remortgage. £2,000 for further advance. No minimum for product switches.
  • Additional benefits:
    - ^Cashback - £500 cashback on completion for remortgage applications
  • Early Repayment Charges - 3% in the first year, 2% in the second year, 1% in the third year

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

3.19% 5 year fixed rate JMSO

3.19% 4.39% 4.0%APRC
  • Repayment
60% £999~ £500 cashback for remortgages^

Some key features of this mortgage

  • Purpose - Joint Mortgage Sole Owner applications for purchase, remortgage, product switch and further advance. Also available for product switch and further advance for existing guarantor mortgages.
  • Loan to Value - Maximum 60%.
  • Application Fee - £175 + Valuation Fee for purchase and remortgage. See ‘more downloads’ for product switch and further advance fees.
  • Valuation Fees - Free for properties up to £500,000. For properties above £500,000 the standard valuation fee scale applies, less £330 discount. See ‘more downloads’ for product switch and further advance fees. 
  • ~Product Fee - £999 for loans up to £500,000. See ‘more downloads’ for product switch and further advance fees.
  • Maximum loan - £500,000.
  • Minimum loan - £45,000 for purchase and remortgage. £2,000 for further advance. No minimum for product switches.
  • Additional benefits:
    - ^Cashback
    - £500 cashback on completion for remortgage applications
  • Early Repayment Charges -  5% until 30/09/2022, 4% until 30/09/2023, 3% until 30/09/2024, 2% until 30/09/2025, 1% until 30/09/2026
  • Additional criteria – The mortgage must complete by 01/11/2021
 

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

3.34% 3 year discounted rate by 1.05% JMSO

3.34% 4.39% 4.3%APRC
  • Interest-Only
75% £999~ £500 cashback for remortgages^

Some key features of this mortgage

  • Purpose - Joint Mortgage Sole Owner applications for purchase, remortgage, product switch and further advance. Also available for product switch and further advance for existing guarantor mortgages.
  • Discount - 1.05% applied to our Managed Mortgage Rate for 3 years
  • Minimum rate - 3.24% 
  • Loan to Value - Maximum 75%.
  • Application fee - £175 + Valuation Fee for purchase and remortgage. See ‘more downloads’ for product switch and further advance fees.
  • Valuation fees - Free for properties up to £500,000. For properties above £500,000 the standard valuation fee scale applies, less £330 discount. See ‘more downloads’ for product switch and further advance fees. 
  • ~Product fee - £999 for loans up to £500,000. See ‘more downloads’ for product switch and further advance fees.         
  • Maximum loan  - £500,000.
  • Minimum loan - £45,000 for purchase and remortgage. £2,000 for further advance. No minimum for product switches.         
  • Additional benefits:
    - ^Cashback - £500 cashback on completion for remortgage applications
  • Early Repayment Charges - 3% for the first year, 2% for the second year, 1% for the third year

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

3.44% 5 year fixed rate JMSO

3.44% 4.39% 4.1%APRC
  • Repayment
75% £999~ £500 cashback for remortgages^

Some key features of this mortgage

  • Purpose - Joint Mortgage Sole Owner applications for purchase, remortgage, product switch and further advance. Also available for product switch and further advance for existing guarantor mortgages.
  • Loan to Value - Maximum 75%.
  • Application fee - £175 + Valuation Fee for purchase and remortgage. See ‘more downloads’ for product switch and further advance fees.
  • Valuation fees - Free for properties up to £500,000. For properties above £500,000 the standard valuation fee scale applies, less £330 discount. See ‘more downloads’ for product switch and further advance fees. 
  • ~Product fee - £999 for loans up to £500,000. For loans above £500,000 0.3% of the loan amount. See ‘more downloads’ for product switch and further advance fees. 
  • Maximum loan - £500,000
  • Minimum loan - £45,000 for purchase and remortgage. £2,000 for further advance. No minimum for product switches. 
  • Additional benefits:
    - ^Cashback
    - £500 cashback on completion for remortgage applications
  • Early Repayment Charges - 5% until 30/09/2022, 4% until 30/09/2023, 3% until 30/09/2024, 2% until 30/09/2025, 1% until 30/09/2026
  • Additional criteria – The mortgage must complete by 01/11/2021 

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

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.