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How it works


We combine your income

To boost how much you can borrow, we combine your income with your sponsor's income.

You borrow together

As joint borrowers, you both become liable for the monthly mortgage repayments and the total amount borrowed.

Only you own the property

You can take full ownership of the property and your sponsor won’t be liable for stamp duty.





How it can boost your borrowing



Please note: the examples below are based on the incomes stated with no financial dependants or outgoings. They are provided for illustrative purposes only and do not take into account your individual circumstances.

Applying on your own

If your dream home costs
£300,000

You will need to borrow at least
£270,000

With your income of
£20,000

You could borrow
£90,000


Applying with a sponsor

If your dream home costs
£300,000

You will need to borrow at least
£270,000

With your income of
£20,000
plus your sponsor's income of
£50,000

You could borrow
£315,000






Is it right for you?

The Assisted Mortgage is perfect for first time buyers, but could also help you if your circumstances have changed and you would like to move up the property ladder or buy your own home. Below are some illustrative examples which explain the types of people who could be eligible for the Assisted Mortgage.



Jacob is a newly qualified teacher and although he's saved enough deposit to buy his first home, his salary is not yet enough to afford the monthly repayments on his own. Keen to help, his father has agreed to help him fund the mortgage in the short term as he knows Jacob’s salary is likely to increase over the next few years.
Leah has recently gone through a divorce and would like to purchase a new home for her and her children. However, as main carer, Leah currently works part-time and is unable to meet any affordability requirements alone. Fortunately, her brother has offered to join her on the mortgage until she is able to return to work full-time.
Richard is looking to move closer to his family and has found a great property in an ideal location. However, because Richard has only recently returned to work, he is struggling to pass every lenders income assessment on his own. To help him, his son has agreed to join the mortgage and borrow the funds together.




Important information



The buyer
  • You need to meet our standard lending criteria
  • You will need a minimum of 10% deposit
  • You must have a close relationship with your sponsor. Each case will be assessed individually
  • Both you and your sponsor will be liable for the monthly mortgage repayments and the total amount borrowed
  • If there is more than one buyer, only the highest earning buyer and your sponsor will be used to calculate affordability
  • We recommend that you seek independent legal and tax advice before completion
The sponsor
  • You need to meet our standard lending criteria
  • You must have a close relationship with the buyer. Each case will be assessed individually
  • Both you and the buyer will be liable for the monthly mortgage repayments and the total amount borrowed
  • We recommend that you seek independent legal and tax advice before completion
  • As a joint borrower, the Assisted Mortgage will be used in future affordability calculations e.g. when remortgaging your own home





To protect the interests of yourself and your sponsor we recommend seeking independent legal and tax advice so that everyone is aware of their rights and responsibilities.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE.


View our assisted mortgages