Buy together with a Joint Mortgage
Getting on the property ladder is harder than ever. Whether you’re buying with a partner, friends or with family support, we advise on a range of joint mortgage products from over 100 lenders that help boost your affordability.
Average £82,000 boost to affordability
Voted the UK's Best Mortgage Broker
Same day appointments, available 7-days a week
Why Tembo?
We help buyers, movers and homeowners discover how they could boost their affordability in 3 simple steps. It’s why we’re the UK’s Best Mortgage Broker.
Buying with a partner
Whether you’re looking for your forever home or want to leave the renting world, Tembo can help you find the right joint mortgage for you and your partner. Whether it’s with family support or a specialist scheme, there are plenty of options out there to increase your borrowing capacity. To find out what you could afford create a plan today, or read about the most common solutions below.
Standard Mortgage
Plain and simple, a standard residential mortgage is the traditional loan most people would get from their go-to bank or lender. If your mortgage affordability is sufficient as it is, you can apply for a standard mortgage as a couple. However, you could use one of the other schemes to boost your budget.
5.5x Income Mortgage
Boost your max borrowing capacity with a 5.5x Income Mortgage.. If you meet the specific eligibility criteria, you could qualify for a mortgage 5.5 times your earnings or for a specialist mortgage for professionals. That could mean an extra bedroom or garden.
Deposit Unlock
One of the biggest barriers to homeownership is saving up a large enough deposit. Through the Deposit Unlock scheme, you and your partner can get on the ladder with only a 5% deposit for a new build property. Our specialist team has access to all the current lenders who provide this scheme, so we can find the best deal for you.
Buy with help from family and friends
Getting a joint mortgage with your parents, another family member or friends can be a great way to boost your borrowing power. Plus, your loved one doesn’t have to have lumps of cash to help; they can use their income, pension or property. To get started, simply create a plan or read more about the most popular schemes below.
Income Boost
An Income Boost, also known as a Joint Borrower Sole Proprietor (JBSP) mortgage, lets you add a friend or family member’s earnings to a mortgage application. By having on a larger, combined income, you could boost your borrowing capacity. As the buyer, you’ll still be the only owner, but your Booster will step in if you can’t make your monthly payments.
Deposit Boost
With a Deposit Boost, a friend or family member can release money from their home to add to your deposit, or be used as your entire house fund. With a larger deposit, you can get a more affordable deal, or even a bigger mortgage. In fact, our data shows you could save on average £17,000 in interest over a 5-year term with a bigger deposit.
Savings as Security
With a Savings as Security mortgage, a family member deposits 10% of a property’s value into a savings account. This is then used by the lender as security for a mortgage, helping boost your affordability. As long as you pay your repayments, your loved one will get their savings back after a fixed term, plus interest.
Deposit Loan
Your loved ones can contribute to your house deposit through a Deposit Loan. With a bigger deposit, you can access better mortgage rates or borrow more for a mortgage. In return, your family member will get equity in your property.
Dynamic Income Boost
Add your loved ones to your mortgage application as co-buyers - they'll contribute to the monthly repayments in return for equity in your home. You'll get help paying your mortgage, and be able to unlock better rates or afford to borrow more based on your higher combined income.
Dynamic Ownership
Purchase a property with your siblings or mates with Dynamic Ownership. Together, you can boost your borrowing power, while holding individual equity in the home. You can contribute different amounts to the deposit and repayments, which will be reflected in each person's share. So things are kept clear and fair, while letting everyone get on the ladder.
Want a joint mortgage, but only got one income?
Whether you’re self-employed, a single income family or currently on maternity leave, there are plenty of ways to boost how much you can afford through a range of specialist schemes. To discover your true borrowing budget, create a plan today. It’s free, takes 10 minutes to complete and there’s no credit check involved.
The application process
4 simple steps to getting the keys to your new home
Make a Tembo plan
Check your eligibility for a range of buying schemes, and get a personalised recommendation with interest rates and repayments in under 10-minutes.
Talk to an expert
Book a call with our experts to complete the qualification process, and we’ll cover off any questions you might have about any of the budget boosting schemes we advise on.
Find a property
Once you’ve found a property, your dedicated advisor will undertake full affordability checks to prepare the mortgage application. Then we’ll submit it on your behalf!
Make home happen
During conveyancing, we’ll liaise with the seller and your solicitors to ensure a smooth purchase. We’ll also provide a free protection review for your insurance needs.
Learn more
We've hand picked our top guides to answer your joint mortgage questions. You can explore all of our guides in our Mortgage Guides Hub.
