Mortgage With Multiple Owners
Best Joint Ownership Mortgages
Mortgage With Multiple Owners
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- 4.89% Initial
- 5 year fixed
- 7.2% APRC
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Cashback £0Free LegalsFree Valuation
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- 4.90% Initial
- 5 year fixed
- 7.3% APRC
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Cashback £0Free LegalsFree Valuation
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- 4.99% Initial
- 3 year discounted
- 6.4% APRC
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Cashback £0Free LegalsFree Valuation
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- 4.99% Initial
- 5 year fixed
- 6.1% APRC
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Cashback £0Free LegalsFree Valuation
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- 4.99% Initial
- 4 year fixed
- 7.6% APRC
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Cashback £0Free LegalsFree Valuation
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- 5.09% Initial
- 5 year fixed
- 7.5% APRC
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Cashback Max £200Free LegalsFree Valuation
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- 5.09% Initial
- 5 year fixed
- 7.2% APRC
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Cashback £0Free LegalsFree Valuation
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- 5.14% Initial
- 5 year fixed
- 7.4% APRC
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Cashback £0Free LegalsFree Valuation
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- 5.14% Initial
- 2 year fixed
- 8% APRC
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Cashback £0Free LegalsFree Valuation
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- 5.15% Initial
- 3 year discounted
- 7.5% APRC
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Cashback £0Free LegalsFree Valuation
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Mortgage With Multiple Owners
If you are interested in sharing a mortgage on a property, we can provide you with advice on your options.
this type of mortgage arrangement is where a mortgage is taken out between more than 2 people. Each person will be named on the property deeds. some lenders will allow up to 4 people to buy together. You don't have to be a first time buyer to have a mortgage with multiple owners.
How do Multiple Owner Mortgages work?
A multiple owner mortgage works the same way as a conventional mortgage with a deposit put down on the property with the remaining amount taken as a mortgage. Repayments are made monthly by all people party to the mortgage. The advantage of borrowing this way is that the lender will look at the combined borrowing power of all the applicants, so all incomes are factored in when assessing affordability.
Typically you can borrow with up to 3 other friends or family you plan to live with; up to 3 family members who want to help you buy the property but will not be living in the property with you; or a business partner who will be co-investing in the property with you.
How much can you borrow with a Multiple Owner Mortgage?
Whilst you can have up to 4 people on the mortgage, typically lenders will assess the people on the mortgage with the 2 highest incomes on how much they are prepared to lend.
What is a Multiple Owner Sole Proprietor Mortgage?
Often known as a joint borrower sole proprietor mortgage (JBSP mortgage), this is an arrangement set up with your parents. Parents will share the responsibility for making monthly mortgage repayments but will have no ownership of the property.
Special features of what we offer include:
- Expert advice on multiple owner mortgage options
- Access to lenders who offer multiple owner mortgages
- Access to lenders who offer JBSP mortgages
- Fast turnaround - contact us today if you need to move quickly
Independent Advice
If you are not sure what mortgage options to consider when looking at multiple owner options speak to our independent mortgage broker team who will be able to offer impartial advice or you can call us on 0117 403 3464