Metro Bank expands joint borrower criteria
“Joint borrower sole proprietor mortgages have long allowed parents and grandparents to help loved ones onto the property ladder,” said Charles Morley (pictured), director of mortgage distribution at Metro Bank. “Our enhancements today provide a more flexible approach, allowing godparents, cousins or even family friends to support loved ones onto the first or next rung of the property ladder.”
Metro Bank’s JBSP mortgage scheme, which permits up to 95% loan-to-value on purchases, accommodates up to four applicants on a single mortgage, offering an opportunity for buyers to secure property with the backing of multiple parties.
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