What is a joint borrower, sole proprietor mortgage?

A Joint Borrower Sole Proprietor mortgage allows you to have different names on the mortgage and on property documents. For example, someone buying a property on their own might not be able to borrow the amount they need to buy a house. They might therefore have a parent who can go on the mortgage with them. With JBSP they will both jointly be liable for the mortgage funds, but only one person is the proprietor. Usually, the main clause is the person supporting the mortgage application needs to be a relative. If you require further advice regarding this, contact one of our expert mortgage advisors today.