Metro Bank’s joint Borrower, Sole Proprietor mortgage is the perfect solution for family or friends looking to support loved ones onto the first or next rung of the property ladder.
Residential Core Range JBSP highlights
Spouses and non-relatives are accepted as joint borrowers
- Joint borrowers can 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.
In other news….
With effect from Monday 2 September 2024, our Standard Variable Rate will be 8.50% for Residential and 9.00% for Buy to Let mortgages.
Contact us
If you have any questions or need support, please get in touch with your BDM or call our Broker helpdesk on 0203 427 1019. To find your nearest BDM, please click here.