Hinckley and Rugby Building Society has updated its product and criteria, the details are below. These products are available through our direct to lender mortgage club so contact us for more information on how our club can support your business.
JBSP: The powerful tool hiding in plain sight
You don’t see this every day, a man supported on a Joint Borrower, Sole Proprietor (JBSP) mortgage by his ex-wife and her new partner. It raised a few eyebrows, but it worked.
This unusual case perfectly illustrates the flexibility and fairness JBSP can offer. By providing structure without creating long-term legal entanglements, JBSP allows people to support each other financially when it matters most, and achieve outcomes that are clean, clear, and in everyone’s best interests.
In our latest Shifting Perspectives blog, our Head of Sales and Distribution, Laura Sneddon explains why brokers should keep JBSP in their mental toolkit and how our tailored term option makes it even more flexible.