Joint Borrower Sole Proprietor Mortgages

For those of you who attended Kevins recent Kick-off sessions with Tipton and Metro, you would have heard about their Joint Borrower Sole Proprietor products and how they can help some of your clients save on second property stamp duty.
Knowledge Bank also delivered a webinar recently on the same subject and it included the lenders Newcastle, Saffron, Hinckley and Dudley. In case you missed it, here is a link to the recording: Knowledge Bank Criteria Clinic – JBSP (18th January 2021) – YouTube
With a JBSP application, up to 4 applicants incomes can be used to support affordability, but the applicants who will not be living in the property do not have to go on the mortgage deeds.
JBSP can also be combined with other criteria such as gifted equity and gifted deposits and is not restricted to first-time buyers.
If you want to promote this product to your clients, you will find an approved email template in the Marketing tool BOX ready for you to top and tail and use with your clients.