We’re here to help you own your own home
Buying a home isn’t always easy. That’s why we offer mortgage options that work for real people and real life. Our Joint Mortgage Sole Proprietor (JMSP) mortgage could help you get on the property ladder, with support from a trusted friend or family member.
A JMSP mortgage helps you borrow more by combining your income with someone else, such as a close family member or friend. Importantly, while both of you are named on the mortgage, only you will own and live in the property.
Key features of a JMSP mortgage
- Only available for residential properties (not Buy to Let)
- Up to 2 borrowers on the mortgage
- Loans from £25,000 up to £3,000,000 (subject to product terms and conditions)
- Up to 95% LTV
- Repayment mortgages only
- No maximum age at end of mortgage term for either applicant
- Both the occupying borrower and non-occupying borrower are equally responsible for the monthly mortgage payments and the entire mortgage loan
- Affordability Boost option available on JMSP mortgages (for terms of 69 months or more)
All lending is subject to affordability checks.
Joint Mortgage Sole Proprietor brochure
View and download our guide to JMSP mortgages to find out more.
Frequently asked questions
This type of mortgage could be right for borrowers who need the income support of someone else to either buy their first or next home, or remortgage their current home.
Only the occupying borrower will be listed as the legal owner on the title deeds.
The names of both the occupying borrower and the non-occupying borrower will be listed on the mortgage.
Important things to think about
Both the occupying borrower and non-occupying borrower are equally responsible for the monthly mortgage payments and the entire mortgage loan. If payments are missed, we will ask either or both of you to repay what’s owed.
You are also both responsible for making sure that the property has suitable buildings insurance and is kept in a good condition.
The non-occupying borrower will need to get independent legal advice, as they’ll share responsibility for the mortgage but won’t own the property.
For more information, view and download the JMSP brochure above.
Ready to talk to us?
Book a Decision in Principle appointment with one of our friendly mortgage team, who will review your affordability and help you start your home-buying journey.
Book an appointmentApply for a mortgage today
Arrange to speak to one of our Mortgage Advisers. Lines are open Monday to Friday, 8am to 6pm.
YOUR MORTGAGE WILL BE SECURED ON YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.