Joint Borrower & Sole Proprietor Mortgages

How does a JBSP Mortgage Work?

The key feature of a JBSP mortgage is that whilst multiple individuals are listed as borrowers, only one person has sole proprietorship. Joint borrowers are able support the mortgage application based on their income and creditworthiness, but they hold no legal claim to the property. This is held by the sole proprietor, who becomes the legal owner and takes on the responsibility of the mortgage itself.

Greater Flexibility for Applicants

This arrangement is attractive as it offers greater flexibility for applicants as it provides a valuable and practical solution for individuals who can’t meet the lender’s requirements concerning income, credit history, or other factors, but with the help of other borrowers can achieve the right level of mortgage affordability.  

Call our expert advisers now
+44 (0)161 871 1216

"*" indicates required fields

Get A Free Joint Borrower Sole Proprietor Mortgage Quote

We can help you find the best JBSP Mortgage deal for your circumstances.

This field is hidden when viewing the form

Purchase or refinance*

Purchase

Refinance

Finance Amount Required*

Annual Income*

Property Location (UK)*

This field is hidden when viewing the form

Country of Residence

Just a few more details...

Please enter your contact details below.

First Name*

Surname*

Email Address*

Phone Number*

Country of Residence*

AfghanistanAlbaniaAlgeriaAmerican SamoaAndorraAngolaAnguillaAntarcticaAntigua and BarbudaArgentinaArmeniaArubaAustraliaAustriaAzerbaijanBahamasBahrainBangladeshBarbadosBelarusBelgiumBelizeBeninBermudaBhutanBoliviaBonaire, Sint Eustatius and SabaBosnia and HerzegovinaBotswanaBouvet IslandBrazilBritish Indian Ocean TerritoryBrunei DarussalamBulgariaBurkina FasoBurundiCambodiaCameroonCanadaCape VerdeCayman IslandsCentral African RepublicChadChileChinaChristmas IslandCocos IslandsColombiaComorosCongoCongo, Democratic Republic of theCook IslandsCosta RicaCroatiaCubaCuraçaoCyprusCzechiaCôte d'IvoireDenmarkDjiboutiDominicaDominican RepublicEcuadorEgyptEl SalvadorEquatorial GuineaEritreaEstoniaEswatiniEthiopiaFalkland IslandsFaroe IslandsFijiFinlandFranceFrench GuianaFrench PolynesiaFrench Southern TerritoriesGabonGambiaGeorgiaGermanyGhanaGibraltarGreeceGreenlandGrenadaGuadeloupeGuamGuatemalaGuernseyGuineaGuinea-BissauGuyanaHaitiHeard Island and McDonald IslandsHoly SeeHondurasHong KongHungaryIcelandIndiaIndonesiaIranIraqIrelandIsle of ManIsraelItalyJamaicaJapanJerseyJordanKazakhstanKenyaKiribatiKorea, Democratic People's Republic ofKorea, Republic ofKuwaitKyrgyzstanLao People's Democratic RepublicLatviaLebanonLesothoLiberiaLibyaLiechtensteinLithuaniaLuxembourgMacaoMadagascarMalawiMalaysiaMaldivesMaliMaltaMarshall IslandsMartiniqueMauritaniaMauritiusMayotteMexicoMicronesiaMoldovaMonacoMongoliaMontenegroMontserratMoroccoMozambiqueMyanmarNamibiaNauruNepalNetherlandsNew CaledoniaNew ZealandNicaraguaNigerNigeriaNiueNorfolk IslandNorth MacedoniaNorthern Mariana IslandsNorwayOmanPakistanPalauPalestine, State ofPanamaPapua New GuineaParaguayPeruPhilippinesPitcairnPolandPortugalPuerto RicoQatarRomaniaRussian FederationRwandaRéunionSaint BarthélemySaint Helena, Ascension and Tristan da CunhaSaint Kitts and NevisSaint LuciaSaint MartinSaint Pierre and MiquelonSaint Vincent and the GrenadinesSamoaSan MarinoSao Tome and PrincipeSaudi ArabiaSenegalSerbiaSeychellesSierra LeoneSingaporeSint MaartenSlovakiaSloveniaSolomon IslandsSomaliaSouth AfricaSouth Georgia and the South Sandwich IslandsSouth SudanSpainSri LankaSudanSurinameSvalbard and Jan MayenSwedenSwitzerlandSyria Arab RepublicTaiwanTajikistanTanzania, the United Republic ofThailandTimor-LesteTogoTokelauTongaTrinidad and TobagoTunisiaTurkmenistanTurks and Caicos IslandsTuvaluTürkiyeUS Minor Outlying IslandsUgandaUkraineUnited Arab EmiratesUnited KingdomUnited StatesUruguayUzbekistanVanuatuVenezuelaViet NamVirgin Islands, BritishVirgin Islands, U.S.Wallis and FutunaWestern SaharaYemenZambiaZimbabweÅland Islands Country

This field is hidden when viewing the form

Nationality

This field is hidden when viewing the form

Currency you are paid in

This field is hidden when viewing the form

Name of employer

This field is hidden when viewing the form

Additional comments

Consent*

I have read and agree to Liquid Expat Mortgages Privacy Policy.*

CAPTCHA

Name

This field is for validation purposes and should be left unchanged.

Δ

Why choose a JBSP Mortgage?

Enhancing Affordability

JBSP mortgages allow individuals with varying income levels to combine resources, addressing the mortgage’s affordability criteria. This strategy is particularly beneficial when one of the borrower’s has a stronger income and credit profile than the other. This gives the required financial support for another borrower who might not independently meet the lender’s criteria.

Empowering Generational Investments

Parents can play a crucial role in helping their children get on the property ladder. In a JBSP mortgage, the child becomes the sole proprietor, owning the property, while the parents serve as joint borrowers, assisting in meeting income and credit prerequisites.

Strategic Estate Planning

JBSP mortgages can serve as a valuable tool in estate planning. Parents can aid their children in securing a mortgage without asserting legal ownership, ensuring a direct transfer of property ownership to the child in the event of inheritance.