You are here: Home - News -

Marsden BS introduces joint borrower sole proprietor mortgages for FTBs

  • 25/04/2019
  • 0
Marsden BS introduces joint borrower sole proprietor mortgages for FTBs
Marsden Building Society has launched joint borrower sole proprietor (JBSP) mortgages to support first-time buyers onto the property ladder.


The JBSP mortgage is suitable for first-time buyers as borrower owners with lower salaries. Using their parents who are willing to become a borrower but non-owner of the property will make the mortgage more affordable.

Head of lending at Marsden BS, Steve Robinson (pictured), said that there is a growing appetite for customers wanting to get onto the property ladder, but it can be difficult for first-time buyers to be able to afford the mortgage repayments.

He added: “We have 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.”

In 2018, Marsden BS saw an increase in gross mortgage lending from £116m to £122.8m and said it will maintain its strategy of investment, including further innovation in technology with the launch of an online platform for intermediaries supporting loan applications.


There are 0 Comment(s)

You may also be interested in

Read previous post:
RBS CEO Ross McEwan steps down

Ross McEwan, chief executive officer (CEO) and executive director at the Royal Bank of Scotland (RBS), is stepping down after...