Our Joint Borrower Sole Proprietor products are designed to allow up to two applicants either purchasing or remortgaging a property, plus up to two parents/grandparents to become joint borrowers for the mortgage. Our JBSP solutions make the prospect of owning a home more affordable during the initial years of the mortgage.
5.79% fixed
8.79% variable
8.0% APRC
90% including fees
None
£999
Charges will apply to any lump sum or full redemption paid over 10% of the capital balance
3% up to 31/05/2025
2% up to 31/05/2026
1% up to 31/05/2027
A mortgage of £243,000 payable over 17 years initially on a fixed rate of 5.79% fixed until 31/05/2027, then reverting to our Standard Variable Rate, currently 8.79% for the remaining period would require 36 payments of £1,874.72 followed by 168 monthly payments of £2,233.70.
The total amount payable would be £444,463.52 made up of the loan amount plus interest (£199,751.52), valuation fee (£340), legal fees (£248), an exit fee (£100), a product fee (£999) and a funds transfer fee (£25).
The overall cost for comparison is 8.0% APRC representative.
Valuation fees and solicitor fees may be payable
Other charges may be made in respect of mortgage services
See our fees guide for more details
This product accepts our standard credit criteria click here for details
Have at least one of the borrower's to be residing in the property.
It is recommended that all applicants take advice about the tax implications of the way the mortgage finance and property ownership will be structured.
Parents supporting their childrens mortgage will be jointly and individually liable for the mortgage along with occupiers.
Up to a maximum of 4 applicants per application allowed.
The Society will purchase a Higher Lending insurance to provide additional security where the amount of the loan exceeds 80% of the valuation of the property.
Early Repayment Charges as detailed below are payable on any lump sum or full redemption repaid over 10% of the capital balance.
3% up to 31/05/2025
2% up to 31/05/2026
1% up to 31/05/2027
During the early repayment charge period lump sum overpayments up to 10% of the capital balance per annum may be made without attracting an early repayment charge. Should the total of lump sum overpayments exceed 10% within this period, the excess will attract an early repayment charge.
Once the early repayment charge period has ended overpayments can be made at any time.
If an overpayment of £500 or more is made, we will recalculate the monthly payment the following month.
You can check affordability through our calculator where we assess on affordability as an alternative to income multiples. Please note we will fully review bank statements and expenditure during the underwriting process. Click here to find out more
This mortgage is available on a capital and interest repayment basis or up to 60% LTV on interest only with a suitable repayment vehicle. Payments must be made monthly by direct debit.
The minimum age is 18 for all applicants. There is no maximum age. Earned income considered up to age 75. Cases are considered on individual circumstances.
Minimum loan size £50,000.
Maximum loan size £500,000
Up to 90% LTV
The maximum mortgage term is 40 years dependent on individual circumstances.
These products are portable, meaning that if the applicant moves home they can take it with them, subject to our lending criteria at the time.
Interest is calculated daily on the balance outstanding and added to the account the following month.
Our Joint Borrower Sole Proprietor products are designed to allow up to two applicants either purchasing or remortgaging a property, plus up to two parents/grandparents to become joint borrowers for the mortgage. Our JBSP solutions make the prospect of owning a home more affordable during the initial years of the mortgage.
5.79% fixed
8.79% variable
8.0% APRC
90% including fees
None
£999
Charges will apply to any lump sum or full redemption paid over 10% of the capital balance
3% up to 31/05/2025
2% up to 31/05/2026
1% up to 31/05/2027
A mortgage of £243,000 payable over 17 years initially on a fixed rate of 5.79% fixed until 31/05/2027, then reverting to our Standard Variable Rate, currently 8.79% for the remaining period would require 36 payments of £1,874.72 followed by 168 monthly payments of £2,233.70.
The total amount payable would be £444,463.52 made up of the loan amount plus interest (£199,751.52), valuation fee (£340), legal fees (£248), an exit fee (£100), a product fee (£999) and a funds transfer fee (£25).
The overall cost for comparison is 8.0% APRC representative.
Valuation fees and solicitor fees may be payable
Other charges may be made in respect of mortgage services
See our fees guide for more details
This product accepts our standard credit criteria click here for details
Have at least one of the borrower's to be residing in the property.
It is recommended that all applicants take advice about the tax implications of the way the mortgage finance and property ownership will be structured.
Parents supporting their childrens mortgage will be jointly and individually liable for the mortgage along with occupiers.
Up to a maximum of 4 applicants per application allowed.
The Society will purchase a Higher Lending insurance to provide additional security where the amount of the loan exceeds 80% of the valuation of the property.
Early Repayment Charges as detailed below are payable on any lump sum or full redemption repaid over 10% of the capital balance.
3% up to 31/05/2025
2% up to 31/05/2026
1% up to 31/05/2027
During the early repayment charge period lump sum overpayments up to 10% of the capital balance per annum may be made without attracting an early repayment charge. Should the total of lump sum overpayments exceed 10% within this period, the excess will attract an early repayment charge.
Once the early repayment charge period has ended overpayments can be made at any time.
If an overpayment of £500 or more is made, we will recalculate the monthly payment the following month.
You can check affordability through our calculator where we assess on affordability as an alternative to income multiples. Please note we will fully review bank statements and expenditure during the underwriting process. Click here to find out more
This mortgage is available on a capital and interest repayment basis or up to 60% LTV on interest only with a suitable repayment vehicle. Payments must be made monthly by direct debit.
The minimum age is 18 for all applicants. There is no maximum age. Earned income considered up to age 75. Cases are considered on individual circumstances.
Minimum loan size £50,000.
Maximum loan size £500,000
Up to 90% LTV
The maximum mortgage term is 40 years dependent on individual circumstances.
These products are portable, meaning that if the applicant moves home they can take it with them, subject to our lending criteria at the time.
Interest is calculated daily on the balance outstanding and added to the account the following month.