You are here: cherry > Press releases for April 2019 > Joint Borrower Sole Proprietor (JBSP) Mortgage supports First Time Buyers onto the property ladder

29 April 2019

Marsden Building Society are adding to their existing range of lending solutions for First Time Buyers and introducing Joint Borrower Sole Proprietor (JBSP) mortgages.

The JBSP mortgage is suitable for First Time Buyers as borrower owners with lower salaries and their parent(s) who are willing to become a borrower non owner to make the mortgage more affordable.

Steve Robinson, Head of Lending at Marsden Building Society, said,

“There’s a growing appetite for customers wanting to get onto the property ladder, but it can be difficult for First Time Buyers to save up enough and be able to afford the mortgage repayments.

We’ve launched our JBSP range with supporting toolkits including criteria and product portfolios so that brokers have access to everything they need, as well as a guide that answers any questions about our JBSP mortgage range.”

Marsden’s JBSP range launches with 3 and 5 year fixed terms up to 90% and 95% LTV with rates now live on sourcing systems and Marsden’s Intermediary website. The products have no booking fee, a free standard valuation up to the value of £500,000 and a £998 arrangement feed paid on completion.

The Marsden’s Intermediary Support Team are on hand to discuss any case queries you may have on 01282 400583. Visit the website for more information:

www.themarsden.co.uk/intermediaries/joint-borrower-sole-proprietor/