How we can help first-time buyers with Joint Mortgage Sole Proprietor mortgages
Find our how we helped Jasmine onto the property ladder, with her dad's help with Joint Borrower Sole Proprietor.
Which route would you consider recommending?
Why recommend a variable route?
A variable discount mortgage is where you benefit from a discount on the lender's Standard Variable Rate (SVR), which is set in response to the Bank of England's Base Rate. This means the rate can increase or decrease if we change our SVR during the mortgage term, however, those on a discounted variable mortgage will always pay less than our SVR throughout the product term. If our SVR decreases during the mortgage term, so will their payments.
Our variable product news?
From 23 July 2024 we are making these variable products fee-free for purchase and remortgage! (Fixed products retain a fee of £850.)
Whether a variable rate mortgage is right for a customer will depend on their personal financial circumstances, and your advice will be key. Variable rate mortgages have the potential to make savings for customers when interest rates fall, so if you want to explore them now click here to see our whole variable range.
Plus!
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MoneyFacts recently awarded our 3-year variable discount 4.89% at 75% LTV an 'Outstanding' Product Rating.’
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Our SVR is one of the lowest in the mortgage industry at the time of writing. You can track our SVR against the Bank of England's base rate for the last five years here.
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Remortgages on these products include free legals. (Conditions apply, download our mortgage guide.)
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During the ERC period overpayments are permitted on discounted products of up to 20% of the original loan amount per year (vs 10% on fixed products.)
Don't forget!
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Our convenient instant chat is available Monday-Friday, 9.00am to 5.00pm. (from 9.30am on Wednesdays.)
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We don't credit score - each and every case is assessed on individual merit and circumstances.
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Our underwriting process is tailored - no one size fits all.
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We consider all types of income and a range of currencies.
