Joint Mortgage Sole Proprietor products available
Great news! We are excited to announce that we have re-introduced our Joint Mortgage Sole Proprietor (JMSP) proposition. This proposition supports a wide range of borrower's circumstances, making the home buying process simpler and more accessible for everyone. It's designed to assist clients ranging from first-time buyers to home movers, including those experiencing personal changes, to clients in need of support from adult children.
We understand that buying a home can be a complex journey. That's why we are committed to providing comprehensive solutions that cater to your client's unique situation. Our JMSP products can increase borrowing capacity by adding a family member*, who is not named on the deed of the property, onto the mortgage and taking their income into consideration for affordability.
Key features:
- Competitive 5 year products available;
- No product fees and free standard valuation on properties up to £500,000;
- 10% overpayment allowed per annum;
- Available on loans from £25,000;
- Affordability calculated using combined income from the occupying and non-occupying borrower; and
- Maximum age is 80 years at the end of the mortgage term based on the oldest applicant.
*A family member is defined as a close family relative, normally a parent, step parent or child.
Find out more about our JMSP criteria, or see our full range of products:
If you have any questions or would like to discuss a case, contact your dedicated Business Development Manager.
The Mortgage Introducer Awards are open for nominations!
The Mortgage Introducer Awards recognise and celebrate excellence and innovation in the mortgage industry. The awards bring together industry professionals, lenders, brokers and service providers to acknowledge their outstanding contributions throughout the year.
Please show your support by nominating us for 'Secured Loan Lender of Year' and 'Later Life Lender of the Year'.
Nominations close on Friday 11th August.
As with everything we do, we couldn't do it without you. Thank you!