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Joint Borrower Sole Proprietor (JBSP)

What does Joint Borrower Sole Proprietor actually mean?

Rising property values and stricter affordability requirements can make life challenging for first time buyers.

The joint borrower sole proprietor feature of our Standard Residential and Buy For University mortgages is designed to help borrowers enhance mortgage affordability by adding one or both parents to the application as joint borrowers without adding their name to the property deeds. 

The parental income is taken into account, but the applicant remains the single named owner on the property deeds. Also, with our Buy For University mortgage the applicant can benefit from tax breaks in respect of the rental income.

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