Joint Borrower Sole Proprietor

Metro Bank’s Joint Borrower, Sole Proprietor (JBSP) residential mortgage offers a modern, inclusive solution:

• Supporting borrowers – Spouses and non-relatives can apply to help with affordability and reside in the subject property
• Up to 95% LTV on houses and flats, purchase only (90% LTV for new build)
• Up to four applicants on the mortgage, with a minimum of one applicant on the property deeds
• Income can be accepted from up to 4 applicants, at full income multiples, subject to affordability
• Maximum age 80 considered (mortgage term based on the oldest applicant at the end of the term)
• Repayment, interest only and part and part options available (maximum LTVs apply)
• Gifted deposits accepted – Gifted Deposit Form to be used

For full details, please refer to our Mortgage Lending Criteria Guide and Product Guides.

Case scenario

Meet James

James, currently renting a flat with his friend Ross, is eager to transition to homeownership. He recently established his own business which means at this stage, has no accounts or means to prove his income. Ross has a full-time job and accumulated savings and is keen to continue living with James and support him get on the property ladder.

And how we can help…

The Joint Borrower, Sole Proprietor mortgage would allow James and Ross to be listed on the mortgage, with only James’ name appearing on the property deeds. We would accept deposits from both parties and allow them to reside in the property.