In order to be a mortgage guarantor, you need to pass the lender’s eligibility criteria and affordability checks. This will include looking at your credit history, and ensuring you have a solid history of employment or pension income to prove you are financially stable. For different family support mortgages, you may also have to be under a certain age to be applicable.

At the moment, the upper age limit for when a JBSP mortgage needs to be repaid is 75 years old, with a few lenders extending to 80 years in certain cases. If the mortgage is to be repaid over 25 years, that means that the Booster needs to be 50-55 or younger when the term starts. Lenders could offer JBSP mortgages to older borrowers, however this would shorten the mortgage term and increase monthly payments.

JBSP mortgages are repayment mortgages. This means that each month you pay both interest and part of the loan back to the lender.

The number of people allowed on a JBSP mortgage depends on the specific lender. For most lenders, 3 people is the maximum but a few lenders will accept 4 people.

Yes, we can use a JBSP mortgage to remortgage. This can be for a variety of reasons including a drop of income, separation, or if your loved one wanted to buy another co-owner out of the property but can't quite afford it on their own.