This is where not all parties on the mortgage are legal owners of the property. This is an option if you do not have enough income to have a mortgage in your sole name however if you added someone else's income, this would allow you to borrow what you need.
An example, you are a first time buyer and your parent goes on the mortgage with you, for affordability, but does not legally own the property. The lender will use both of your income for affordability but the second applicant will not be named on the deeds and therefore will not legally own the property.
Each lender has their own criteria to meet, however to get the best chances of being approved for a joint borrower sole proprietor mortgage, speak to a broker!
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