Joint borrower sole proprietor mortgages enable relatives to assist the borrower in applying for a larger loan by including their income in the mortgage application. This allows for a higher borrowing capacity without the need for the relative to be listed on the title deeds. Choosing a joint borrower sole proprietor mortgage can be a beneficial option compared to a traditional joint mortgage with parents, as it permits you to secure a larger loan without entitling your parent(s) to a share in the property. In this type of mortgage, the parent is considered a co-borrower, sharing equal responsibility for the mortgage and receiving the same information from the lender as you do. On the other hand, the guarantor mortgage, which is considered outdated, simply requires the guarantor to take over the monthly mortgage payments if the borrower is unable to do so, without increasing the borrowing capacity. Our mortgage advisors will help you understand how much you can borrow and this information will ultimately dictate the price range you will be searching for properties within. If you happen to have your heart set on a specific house before you have spoken to an advisor then there is every chance that you have overestimated how much you can afford to borrow, making the home that you have set your heart on unattainable. As you can imagine this is deeply frustrating and can be truly demoralising and embarrassing. We don’t just advise on your purchase price range, but we will also give you a comprehensive breakdown of all the other costs involved in the not just the application process but the house purchase process, so you are fully prepared before you start your home buying journey. Speak to a mortgage specialist today to give you the best chance of getting your dream home.