Joint Borrower Sole Proprietor (JBSP) Calculator
Get an instant estimate of how much your client could borrow with the help of a sponsor.
JBSP Calculator
Find answers to key correct affordability results on our help page.
Things to consider:
- If you want to check your client's affordability for any other mortgage, you'll need to use our standard affordability calculator
- During the application process we’ll ask for a more detailed breakdown of your client’s income and outgoings, which could change the amount we can lend
- A sponsor is a close relative, normally a parent or step parent of any applicant, who’s added as a co-borrower
- The minimum income needed for a sponsor is £40,000
- The minimum income for an applicant is £20,000 unless a student in which case there is no minimum income
- Maximum borrowing of £1,500,000
- Minimum age for applicant at application is 18
- Sponsor mustn’t exceed 80 years old on repayment or 75 on Interest Only at the end of the term
- Maximum of 4 applicants - only the income of the sponsor and the highest earning applicant will be assessed.
When assessing applications, we consider the level of debts the customer(s) is committed to relative to their income, how much they've paid off and the credit they have left available. We'll exclude student debt from our assessment.
This calculator provides an indication only. It’s not a legally binding mortgage Offer and places Bank of Ireland UK at no obligation to provide your customer with a mortgage. All applications must meet our lending criteria and are subject to assessment. The amount your client could borrow may be less once this assessment has been made.
New large cashback products now avaliable
Our new large cashback products are designed to help your clients with the costs involved when moving or buying their first home. There's currently a range of products to choose from with cashbacks of £1,500 and £3,000 available - all with free valuations.