Joint Borrower Sole Proprietor Mortgages
Boost your clients’ borrowing power with the support of a sponsor.
Whether your client is buying their first home, remortgaging, moving after a change in circumstances, or returning to the market after a break, JBSP helps increase borrowing power by combining their income with that of a sponsor. It’s a flexible solution for those who need a little extra support to make their next move.
Who is JBSP for?
JBSP is ideal for clients who:
Are first time buyers, home movers or remortgaging
Need additional income support to meet affordability
Are buying on their own after a change in circumstances
Are returning to the market after a break.
Who qualifies as a sponsor?
A sponsor is usually a close relative (but we can consider other relationships), who is added to the mortgage as a co-borrower.
To qualify, a sponsor must:
Be a residential owner-occupier, living in the UK
Have a minimum income of £40,000
Be no older than 80 on repayment or 75 on interest only and part & part, at the end of the term
Be jointly and individually liable for the full mortgage amount.
We only accept one sponsor per application.
Why choose JBSP with us?
We offer a practical and supportive approach to JBSP cases, including:
Up to 95% LTV (including fees)
Maximum loan of £1,500,000
Up to four applicants, including a maximum of one sponsor - only sponsor and highest earner’s income assessed
Minimum income requirements:
Sponsor: £40,000
Highest earning applicant: £20,000 (no minimum if they're a student)
Purchases and remortgages on both repayment and interest only
Applicants must not own any other property at completion
Sponsor must be UK based residential owner-occupier
Sponsor needs independent legal advice as they'll have no ownership rights
One bank account for monthly payments.
Where the term extends into retirement, refer to our lending criteria.
Borrowing power:
Borrowing power on your own
| Applicant 1 income | Applicant 2 income | Borrowing power |
|---|---|---|
| £25,000 | n/a | £112,500 |
As a single applicant, you could borrow £112,500.
Borrowing power with JBSP
| Applicant 1 income | Sponsor income | Borrowing power |
|---|---|---|
| £25,000 | £50,000 | £375,000 |
With the help of a sponsor, you could borrow £375,000.
Find out how much your client could borrow with our JBSP calculator.
Borrowing power with a partner
| Applicant 1 income | Applicant 2 income | Borrowing power |
| £32,000 | £28,000 | £300,000 |
As joint applicants, you could borrow £300,000.
Borrowing power with JBSP
| Applicant 1 income | Sponsor income | Borrowing power |
| £32,000 | £80,000 | £560,000 |
With the help of a sponsor, you could borrow £560,000.
Find out how much your client could borrow with our JBSP calculator.
Next steps?
Explore our full Residential lending criteria
To check your client's suitability for JBSP take a look at our lending criteria
Use our JBSP calculator
To see how much your client could borrow with the help of a sponsor, use our JBSP calculator
Search our JBSP product range
To see all our current rates for JBSP visit our Residential products page