Joint Borrower Sole Proprietor Mortgages (JBSP)
Boost your borrowing power with family support. Use a parent's income to help you buy your first home without them being on the deeds.
Discuss Family SupportThe Modern Way to Help Children Buy
A JBSP mortgage is a powerful tool for parents who want to help their children onto the property ladder. Unlike traditional joint mortgages, the parent is not named as an owner, meaning they avoid the 5% Stamp Duty surcharge and the child retains their first-time buyer benefits.
Increased Affordability
Combine multiple incomes to reach the property value you actually need.
Tax Efficiency
Avoid the second-home Stamp Duty surcharge for supporting family members.
Future Flexibility
Remove the joint borrower later once the main owner's income has grown.
The JBSP Process
A collaborative way to help family members secure their first home.
Joint Review
We assess the income and credit history of both the main owner and the supporting family member.
Legal Advice
The supporting borrower receives independent legal advice to understand their liability.
Lender Matching
We find lenders who offer the best JBSP terms with no Stamp Duty surcharge for the parent.
Completion
The mortgage completes, and the main owner begins their journey as a sole proprietor.