Joint Borrower Sole Proprietor (JBSP) ILA

Independent Legal Advice for JBSP Mortgages

A JBSP mortgage allows additional borrowers to support affordability without being on the property title. Lenders require independent advice to ensure all parties understand their obligations.

OURMISSION

What We Explain

• Liability of all borrowers
• Ownership vs. borrowing rights
• Risks of default
• Impact on credit and affordability
• Lender requirements