Cashback Remortgages · First-time buyers
Joint Borrower Sole Proprietor (JBSP) Mortgages
A joint borrower sole proprietor (JBSP) mortgage lets someone — often a parent — help you qualify for a loan without being an owner of the property. It is a specialist arrangement.
How JBSP works
The supporting borrower's income is included in affordability, but only you are on the property's title. This can help a first-time buyer borrow more than on their income alone. Not all lenders offer it.
The supporting borrower is fully responsible for the mortgage even though they do not own the home.
Points to consider
The arrangement affects the supporting borrower's own borrowing and may have tax implications. Everyone involved should take advice before proceeding.
Sources and further reading
General mortgage information, not a personal recommendation. Lender criteria and scheme rules can change. Ask an adviser about your circumstances and a solicitor or tax adviser about legal or tax questions. Your home may be repossessed if you do not keep up repayments on your mortgage. Most buy-to-let mortgages are not regulated by the FCA.
Discuss the next step for your mortgage
Understand your options before you make a decision.