Unlock More Mortgage Power – Your Guide to Joint Borrower and Sole Proprietor Mortgages

As experts in UK mortgages for expats and foreign nationals since 2007, we know the challenges you face. Unlike other brokers we love to share our knowledge and here’s a top tip to help you! Working with people living and working around the world, we constantly meet customers who face a wide range of obstacles in obtaining mortgage finance.

If you’re struggling to make your dream home a reality due to traditional affordability hurdles, well there’s no need to give up on your dream of buying a property! That’s why we’re excited to introduce you to a game-changer – the Joint Borrower and Sole Proprietor Mortgage.

What’s a Joint Borrower and Sole Proprietor Mortgage?

Simply put, it’s a mortgage option that lets you use someone else’s income (like family or close friends) to increase your borrowing capacity. Here’s the clever part: while you’re the sole owner on paper, lenders consider the income of your joint borrower(s) when assessing affordability.

How Can It Help You?

Imagine finding your dream home, but you fall short on affordability. With interest rates on the rise and lenders using higher rates in their calculations, it’s tough. But by teaming up with a trusted friend or family member with a solid income, you can bridge that gap and snag the mortgage you need. It’s like having family support without them co-owning the property – a flexible solution for today’s financial landscape.

See how your mortgage can become a reality with our affordability mortgage calculator.

Inside Tips for Success

We’ll Help You Understand Currency Income Impact

Some lenders might trim foreign currency income to hedge against future exchange rate changes. This could affect your borrowing limit if you earn income in foreign currency. Knowing this and working with Liquid Expat Mortgages helps you plan for potential changes in borrowing capacity.

Choose Your Joint Borrower Wisely

Pick someone with a stable income and good credit history to boost your application. If you are unclear or want some further guidance on what choices you have in mind, chat with your specialist Liquid adviser.

Plan Ahead

Clarify responsibilities and expectations with your joint borrower upfront, ensuring everyone’s on the same page.

Explore Stamp Duty Benefits

Joint Borrower and Sole Proprietor Mortgages could mean savings on stamp duty taxes, as only you’re listed on the property deeds.

Look into Gifted Deposits

Many lenders allow family members to gift you part of the deposit, easing the financial burden of buying a home and allowing you to make that much anticipated progression up the property ladder.

Seek Expert Guidance

We have specialised solely in in expat and foreign national mortgages since 2007. We have a qualified and experienced team of Mortgage advisers and support co-ordinators to support you through the entire process.

Get In Touch

Rising interest rates and affordability barriers shouldn’t derail your homeownership dreams. With a Joint Borrower and Sole Proprietor Mortgage, plus family support and gifted deposits, you can unlock more borrowing potential and secure your dream home.

Contact us today to explore this innovative solution and take the next step towards homeownership.

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