How we can help first-time buyers with Joint Mortgage Sole Proprietor mortgages

Find out how we helped Jasmine onto the property ladder with the help of her dad, Michael and our Joint Borrower Sole Proprietor mortgage.

Meet Jasmine...

• Jasmine is 25 years old.

• She is employed and earns £30,000.

• She has a 25% deposit and found a property worth £250,000 that she's interested in, but she can't afford a mortage of £187,500 on her sole income.

• Her dad, Michael, is 55 years old, employed and earns £65,000. HE has a small residential mortgage balance joint with his wife of £55,000.

The Newbury approach:

• We can split the borrowing amount in two parts.

• Affordability is assessed on each applicants income and commitments. 

• The term isn’t based solely on the elder applicants age, resulting in more comfortable mortgage payments.  

• For family-only relationships.