Since launching JBSP last year we’ve supported:
- over 200 borrowers…
- aged 19-93…
- for UK Resi and Expat Resi JBSP mortgages.
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| Why your customer might want JBSP
Affordability
- Parents or grandparents helping children onto the property ladder.
- Relatives helping divorcing family members stay in their home.
- Children helping parents remain in their home.
- Expat parents or children helping family in the UK.
- An alternative to a regulated BTL. With JBSP all borrowers’ incomes are used for affordability. With a regulated BTL, just the owners’ incomes count.
- A FTB BTL (affordability-based) if FTB’s income doesn’t support the borrowing.
Tax planning
- For stamp duty second home surcharges.
- For first time buyers to retain their stamp duty discount.
- When partners are in different tax brackets.
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Types we do
- UK Resi.
- Expat Resi, BTL and Holiday Let.
- UK BTL and Holiday Let.
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Why JBSP with us?
- No max age at end of term (later life LTVs apply).
- Non-proprietor can gift the deposit, if not living in the property.
- Non-proprietor can live in the property, if not gifting.
- Up to four applicants (two for expat).
- Maximum of two households.
- Must be close family: parent, grandparent, sibling, stepfamily and adoptive family.
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| We’re here for quirky cases – the odd bit of adverse, unusual income, mix and match currencies, peculiar properties, later life borrowers – we’ve seen it all! We help shape cases, manually underwrite and always take a common sense approach! |
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