Sole Borrower Joint Proprietor – Independent Legal Advice
If you are involved in a sole borrower joint proprietor mortgage arrangement, your lender may require
independent legal advice before the mortgage can proceed. This typically applies where one person is
taking out the mortgage, but another person lives in the property or has contributed financially.
At Parachute Law, we provide clear, independent legal advice to ensure you fully understand your rights, risks, and
the legal effect of any documents you are asked to sign.
✔ Fixed fees ✔ UK-wide service ✔ Fast turnaround
Book Your Legal Advice Appointment
Do You Need Independent Legal Advice for a Sole Borrower Mortgage?
Mortgage lenders commonly insist on independent legal advice where a non-borrowing party may have existing or potential
rights in a property. This protects both the lender and the non-borrower by ensuring the arrangement is fully understood.
You are likely to need this advice if you:
- Live in the property but are not named on the mortgage
- Have contributed to the deposit or purchase price
- Are being asked to sign an occupier waiver or deed of postponement
What Is a Sole Borrower Joint Proprietor Arrangement?
Who is the borrower?
The borrower is the person solely responsible for repaying the mortgage. Only their income and credit profile are assessed
by the lender.
Who is the non-mortgage party?
This is someone who may live in the property or has contributed financially but is not named on the mortgage and may notbe registered as a legal owner.
Why do lenders require legal advice?
Lenders need confirmation that the non-borrower understands they may have limited rights to the property and that thelender’s interest takes priority.
What Rights Are You Giving Up?
Independent legal advice ensures you understand:
- Your right to live in the property
- Any claim you may have to equity
- The effect of signing an occupier waiver or deed of postponement
- What happens if the property is repossessed
We explain these issues clearly and answer your questions before you decide whether to proceed.
How Our Independent Legal Advice Service Works
1. Book your appointment
Book a video or telephone consultation at a time that suits you.
2. Review of documents
We review your mortgage offer, lender requirements, and any waiver documents in advance.
3. Legal advice and certification
After providing independent advice, we issue a Certificate of Independent Legal Advice
(subject to your confirmation).
Important: Some lenders require in-person advice. Please check your lender’s requirements before booking.
Fixed Fees for Sole Borrower Joint Proprietor Advice
Independent Legal Advice on Mortgage Terms: £299 (inc. VAT)
Our pricing is transparent, with no hidden costs.
Book Your Independent Legal Advice Appointment
To get started, book your appointment online or contact our legal team for assistance.
Email: thelegalteam@parachutelaw.co.uk
Phone: 0207 183 4547
Book a meeting for Sole Borrower Joint Proprietor Advice
- 1Book your meeting using our Quick and Simple Online Form. You attach your certificate and mortgage terms.
- 2Meeting Your meeting is via video conference and your solicitor advises on the risks of signing the certificate of independent legal advice.
- 3Post meeting We issue your signed certificate (subject to you agreeing to our letter of advice).
- Canada Life
- Foundation Home Loans
- More2Life
- Together Money
- Together Commercial Finance Limited
Examples of Sole Borrower Joint Proprietor Mortgage Relationships
- Married Couple Where a married couple are both named on the property, but only one is on the mortgage then the lender requires the party not on the mortgage to have the mortgage terms explained to them and the risks of not being on the mortgage.
- Deposit from Joint Bank Account Where a the deposit is coming from a joint bank account and only, but only one party is on the mortgage and the other party is on neither the mortgage nor the legal title, then that party needs the mortgage terms explained to them and the risks of not being on the mortgage not having the benefit to claw back their share of the deposit.
