What we help with
Joint Borrower Sole Proprietor ILA
For arrangements where someone is a borrower on the mortgage but will not be a legal owner of the property.
With a Joint Borrower Sole Proprietor mortgage, one person is named on the mortgage but won't own the property.
Lenders usually want that person to take independent advice, because they take on the debt without the ownership.
When you might need this
- You're helping a child or relative buy a home
- You're on the mortgage but not on the title deeds
- The lender has asked for a JBSP declaration or certificate
Documents we usually need
- Mortgage offer
- JBSP declaration or deed
- Lender instructions and certificate
- Any correspondence from the conveyancer
Don't have everything? Send what you've got and we'll tell you if anything else is needed.
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