Struggling to get a mortgage on your own? A Joint Borrower Sole Proprietor (JBSP) mortgage could be your solution. It lets someone else — like a parent or partner — help you get approved, without being a legal owner of the property.
It’s one of the most powerful (and underrated) tools for first-time buyers, young professionals, or anyone who needs a boost to get on the ladder.
💡 What Is a JBSP Mortgage?
A JBSP mortgage allows multiple people to be responsible for the mortgage, but only one person is named on the property title.
For example:
- You’re buying a home
- A parent or relative helps with the affordability
- You own 100% of the property
- They’re simply listed on the mortgage
This means you can borrow more than you could alone, without giving up any legal ownership.
🧠 Why Choose JBSP Over a Standard Joint Mortgage?
With a standard joint mortgage, both parties are legal owners. That’s fine if you’re buying with a partner — but risky if it’s a parent or friend.
A JBSP mortgage:
✅ Keeps your helper off the deeds (avoids second property stamp duty)
✅ Still boosts your borrowing power
✅ Can help you get on the ladder sooner
✅ Doesn’t affect your right to 100% of future equity
🔍 Who Is a JBSP Mortgage Good For?
✅ First-time buyers with low income
✅ Young professionals still early in their careers
✅ People with limited credit history
✅ Buyers supported by parents, siblings or even friends
⚠️ Things to Consider
- All borrowers are jointly responsible for the mortgage — if one stops paying, the others must cover it
- Lenders will assess all applicants’ credit reports and affordability
- Not all lenders offer JBSP mortgages — you’ll likely need a broker
💬 Need a Boost Onto the Ladder?
If you’ve got someone willing to help, a JBSP mortgage might be your ticket to homeownership — without giving up ownership. We’ll guide you through what’s possible and how to apply smartly.
✅ Buy sooner
✅ Keep 100% of the property
✅ Get expert advice on lenders who offer this setup