Get your younger borrowers onto the property ladder with a Joint Borrower Sole Proprietor (JBSP) mortgage.
Newly launched, it gives up to two applicants with lower incomes the opportunity to combine resources with up to two parents to afford their own home.
Steve Robinson, Head of Lending at Marsden Building Society, said, “There’s a growing appetite for customers wanting to get onto the property ladder, but it can be difficult for First Time Buyers to save up enough and be able to afford the mortgage repayments.
We’ve launched our JBSP range with supporting toolkits including criteria and product portfolios so that brokers have access to everything they need, as well as a guide that answers any questions about our JBSP mortgage range.”
Our Best Seller
- 89% fixed to 31.07.22
- 90% LTV
- Parent(s) become borrower non owners to make the mortgage more affordable
- Affordability based on up to four incomes
- No credit scoring
- Minimum property value £100,000
- Maximum property value £325,000
The Marsden’s Intermediary Support Team are on hand to discuss any case queries you may have on 01282 400583.
Visit the website for more information here.
