020 8668 6080

Mortgages

Joint Borrower Sole Proprietor Mortgages

A joint borrower sole proprietor (JBSP) mortgage lets a family member, often a parent, add their income to your application without becoming an owner of your home. It can help first-time buyers in Croydon, Surrey and across the UK borrow more.

Your home may be repossessed if you do not keep up repayments on your mortgage.

The basics

  • You own the property; your family member is named on the mortgage but not on the title deeds.

An open-plan kitchen and living room filled with daylight
Mortgage advice tailored to your property plans, with 90+ lenders compared.

  • Lenders assess both incomes together, which may increase how much you can borrow.

  • Because the family member is not an owner, it may avoid the higher rates of stamp duty that could apply if they were.

  • Lenders often set a maximum age for the supporting borrower at the end of the term.

    • Things to consider

    • Your family member is legally responsible for the whole mortgage, not just part of it.

    • Lenders usually require each party to take their own separate legal advice.

    • It may affect your family member's ability to borrow in future.

    • You may want to plan for how the arrangement ends, for example when you can take the mortgage on alone.

    Approval is always the lender's decision. Buying your first home? See our first-time buyer page.

    Our fee

    We may charge a broker fee for mortgage advice. Our typical fee is £479, payable only when you receive a mortgage offer. The fee will be confirmed before you proceed.

    90+ UK LendersHigh-street and specialist lenders compared
    Fee only on offerTypical fee £479, payable only when you receive a mortgage offer
    18 years of experiencePersonal advice tailored to your circumstances
    Frequently asked questions

    Your questions answered

    A family unpacking cardboard boxes on the floor of their new home

    • Usually a close family member such as a parent, although some lenders allow others. Age limits and income requirements apply.

    • No. With JBSP, only you are the legal owner. The joint borrower is responsible for the mortgage but has no share of the property.

    • Often, yes, if you can afford the mortgage on your own when you remortgage or switch deals, subject to the lender's assessment.

    How It Works

    How it works

    1. 01

      Initial consultation

      Speak to PMS for an initial consultation to assess your affordability and an indication of the type of borrowing available to you within the mortgage market.

      Affordability assessed across 90+ lenders
    2. 02

      Full consultation

      If you're happy to go ahead, PMS Mortgages will arrange a full consultation by Zoom, phone or face to face. Where appropriate, we can help you obtain an Agreement in Principle. An Agreement in Principle shows how much you may be able to borrow based on the information you provide. It is not a mortgage offer and is subject to full application and credit assessment.

      Indicative borrowing assessed
    3. 03

      We handle the detail

      Once you have found a property we take care of everything else, mortgage application, surveys, solicitors, searches and dealing with any estate agents or developers on your behalf.

      Application, surveys and legal work managed
    4. 04

      Support to completion

      Your dedicated case manager and your consultant will be on hand to guide you through the whole process.

      Supported right through to completion

    Ready to take the first step?

    Your initial consultation is without obligation. Speak with an adviser in Croydon or over Zoom.

    020 8668 6080

    See how much you could borrow with family support

    Call us on 020 8668 6080