Boost your clients’ borrowing power with the support of a sponsor.
Whether your client is buying their first home, moving after a change in circumstances, or returning to the market after a break, First Start (JBSP) helps increase borrowing power by combining their income with that of a sponsor. It’s a flexible solution for those who need a little extra support to make their next move.
First Start is ideal for clients who:
A sponsor is typically a close relative, such as a parent or step-parent, who is added to the mortgage as a co-borrower.
To qualify, a sponsor must:
Sponsors can choose whether to be registered as a joint owner of the property. If they choose not to, they must receive independent legal advice before completion.
We offer a practical and supportive approach to First Start cases, including:
Where the term extends into retirement, refer to our lending criteria.
Borrowing power on your own
| Applicant 1 income | Applicant 2 income | Borrowing power |
|---|---|---|
| £25,000 | n/a | £112,500 |
As a single applicant, you could borrow £112,500.
Borrowing power with First Start
| Applicant 1 income | Sponsor income | Borrowing power |
|---|---|---|
| £25,000 | £50,000 | £336,750 |
With the help of a sponsor, you could borrow £336,750.
Find out how much your client could borrow with our First Start calculator.
Borrowing power with a partner
| Applicant 1 income | Applicant 2 income | Borrowing power |
| £32,000 | £28,000 | £269,400 |
As joint applicants, you could borrow £269,400.
Borrowing power with First Start
| Applicant 1 income | Sponsor income | Borrowing power |
| £32,000 | £80,000 | £500,000 |
With the help of a sponsor, you could borrow £500,000.
Find out how much your client could borrow with our First Start calculator.
The sponsor can choose whether the property is:
If the sponsor is not on the title, they must receive independent legal advice before completion.
If the sponsor is a joint owner, they’ll be registered at the Land Registry and may be liable for additional stamp duty on second homes.
We strongly recommend independent financial, legal, and tax advice to understand implications such as inheritance tax and capital gains tax.
To check your client's suitability for First Start take a look at our lending criteria
To see how much your client could borrow with the help of a sponsor, use our First Start calculator
To see all our current rates for First Start visit our Residential products page
