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Your Expert Guide to Remortgaging

Whole of Market Mortgage Advice Right at Your Fingertips

Read our articles for a wealth of mortgage advice straight from our experts. Wherever you are on the property ladder, we understand that you’ll have plenty of questions about how the mortgage process works and which loan is right for your circumstances right now. For all your questions, big and small, refer to our comprehensive mortgage advice to get the information you’re looking for.

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Posted On: August 10, 2022
Updated On: August 12, 2022

What is a joint borrower, sole proprietor mortgage?

What is a joint borrower, sole proprietor mortgage

A Joint Borrower Sole Proprietor mortgage allows you to have different names on the mortgage and on property documents. For example, someone buying a property on their own might not be able to borrow the amount they need to buy a house. They might therefore have a parent who can go on the mortgage with them. With JBSP they will both jointly be liable for the mortgage funds, but only one person is the proprietor. Usually, the main clause is the person supporting the mortgage application needs to be a relative. If you require further advice regarding this, contact one of our expert mortgage advisors today.