Joint borrower sole proprietor (JBSP)
Credit scores & reportsA mortgage where two people borrow but only one owns the property.
Overview
It is often used to help a buyer qualify with extra income support.
The non-owner is still responsible for repayments.
Why it matters
- It can help first-time buyers access mortgages.
- It creates financial responsibility without ownership.
- It affects affordability and risk assessments.
FAQs
Does the non-owner appear on the mortgage?
Yes. They are a borrower and responsible for repayment.
Does JBSP affect credit scores?
Yes. The mortgage appears on both borrowers’ credit files.
Related terms
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