Mortgage Booster
Borrow more with help from your family.
The property may be repossessed if you do not keep up repayments on the mortgage.
What is Mortgage Booster?
Our Mortgage Booster is a type of mortgage that lets a member of your family use their income to increase how much you can borrow. They will be on the mortgage but won't own your property. This type of product is also know as a joint borrower, sole proprietor mortgage.
How does Mortgage Booster work?
Here’s an example
Charlie needs a mortgage but doesn't earn enough to borrow the amount they need. They can use their mum's income to boost theirs, which lets them borrow more.
Combine incomes: We use Charlie's income plus Charlie's mum's income for the mortgage.
Shared responsibility: Both Charlie and their mum are liable for the mortgage. This means they both need to make sure the mortgage is paid.
Ownership: Charlie owns the property, and only Charlie’s name is on the title deeds.
Mortgage Booster could be right for you if:
you need help to borrow more.
you could get help from your mother, father, grandparent, sibling, child or grandchild.
you earn at least £20,000 per year.
you're applying on your own and want help from one family member.
you meet our lending criteria.
Things to consider with Mortgage Booster:
Only your name will be on the title deeds so you alone own the property.
Both you and your family member will need to provide proof of income and outgoings, and you will both be liable to pay the mortgage.
Your family member will need to provide evidence of getting independent legal advice.
It is not suitable for a remortgage.
How to get Mortgage Booster
Get a Decision in Principle (DIP)
Call us on 0345 166 9510 for a Decision in Principle (DIP) and to find out how much you could borrow.
You may need a DIP to make an offer on a home.
Apply for a mortgage
Complete a full application over the phone.
Get your mortgage offer
We'll value the property you want to buy and check your credit history. Then we'll be in touch within 15 working days.
Complete
Once the legal work is complete, you'll exchange contracts and set a completion date.
This is when you'll get the keys to your new home.
This is when you'll get the keys to your new home.
Ready to apply?
You’ll need to call us for a Decision in Principle for the amount you want to borrow.
Instant decision
Valid for 90 days
Doesn't affect your credit score.
Talk to our mortgage specialists.
Calls to 03 numbers are charged at the same rate as 01 or 02 numbers from all phones.
Find a mortgage rate
Use our mortgage rate finder to search for a rate that suits you.
Our mortgage rate finder can help if you’re a new YBS mortgage customer thinking of:
Buying your first home
Moving home
We don’t offer mortgages on:
Buy to let properties
What’s the difference between Mortgage Booster and a guarantor mortgage?
Comparing our Mortgage Booster with a guarantor mortgage and what that would mean for you and your family member
Mortgage Booster
You and your family member are both named on the mortgage.
You're both liable to pay the mortgage.
Only you own the property and are on the title deeds.
Your family member has no legal claim on your property.
Guarantor mortgage
Only the homeowner is named on the mortgage.
If the homeowner can't or doesn't pay the mortgage, the guarantor is liable to pay the mortgage.
Only the homeowner is named on the title deeds.
The guarantor has no legal claim on the property.
Call us
Chat to our mortgage specialists about your options.
Calls to 03 numbers are charged at the same rate as 01 or 02 numbers from all phones.