👉 Lending That Supports Intergenerational Living 👈

Mortgage lending isn’t just about bricks and mortar, sometimes it’s about helping families live closer and plan ahead. In this case, we helped two retired parents raise capital via a reverse JBSP remortgage, enabling them to fund a future home extension at their son’s property.

By combining pension, rental and employed income, we delivered a flexible lending solution that aligned with the family’s long-term goals.

The Case at a Glance

  • Applicants: Two retired parents and their working son
  • Property Value: Existing mortgaged home
  • Borrowing Amount: £300,000
  • Use of Funds: Remortgage plus capital raise to build an extension at the son’s home
  • Structure: Reverse Joint Borrower Sole Proprietor (JBSP)
  • Income Sources: Pension income, rental income, and son’s earned income
  • Repayment Strategy: Sale of mortgaged property after relocation

The Challenge

This case required a lender who could look beyond conventional boundaries. Affordability needed to be assessed using a blend of income sources, including pension income from both parents, rental income from an existing let property, and the son’s employed income. The structure itself was also unusual, set up as a reverse Joint Borrower Sole Proprietor (JBSP), where the son’s income would support the mortgage, despite him not being named on the property.

In addition, the proposed repayment strategy was non-traditional: the sale of the current mortgaged property once the parents moved into the newly built extension at their son’s home. While many lenders would have hesitated or declined based on the layered complexity of income and exit strategy, we looked at the bigger picture, and recognised the long-term plan was both realistic and responsible.

Our Solution

At The Stafford for Intermediaries, we assessed the case through our manual underwriting process, evaluating the applicants’ full financial position:

  • The son’s income was used to support affordability alongside the parents’ pension and rental income.
  • We approved a reverse JBSP mortgage, even though the applicants were already retired.
  • The repayment plan, selling the existing property once the extension was built, was deemed clear and achievable.

This wasn’t just a mortgage, it was a long-term living solution, designed to meet evolving family needs.

Why Mortgage Brokers Choose The Stafford

We specialise in lending that supports later life borrowers, family-led financial planning, and non-standard income structures.

Our difference:

  • Manual Underwriting
  • Local Decision-Making
  • Dedicated Intermediary Support
  • Proven Expertise in Complex Cases like JBSP and retirement lending

Whether you’re placing a retirement mortgage, a reverse JBSP case, or need flexibility around income and repayment strategy, we’re here to help.

Place Your Complex Case with Confidence

Working with The Stafford for Intermediaries means partnering with a lender who understands the real world, and makes lending decisions accordingly.

To discuss your case or find out how we support mortgage brokers:

Contact Emma Parker, National Accounts Manager

Email: brokers@srbs.co.uk

Phone: 01785 223212

The Stafford for Intermediaries – More Human. Less Hurdles.