We are pleased to announce we have launched a new mortgage product.

For reference this is a Joint Borrower Sole Proprietor mortgage, where parents/step parents can help with their child’s mortgage but not live in the property or be named on the title deeds.

• Pension income can be considered for the parents affordability.
• Parents will be jointly and individually liable for the mortgage along with the occupier(s).
• There is an expectation that the sole proprietor can afford the mortgage in their own right within 10 years.
• The parents must take and evidence independent legal advice before completion.
• We will require a budget planner for both properties.
• We can accept up to 4 applicants, but will only use the joint income of a maximum of 3 persons.