The Hinckley & Rugby Building Society is now offering joint borrower sole proprietor mortgages in its range of residential and buy-to-let products.

The arrangement is designed to enable, for example, parents to help a son or daughter to buy a home with the only charge being on the property being purchased. It is available at up to 95% loan to value for residential purchases and up to 75% for buy-to-lets.

The buyer’s income is boosted by that of parents or a guardian as part of the application but without adding them to the title deeds and with no need for any savings to be lodged with the Society as security.

Carolyn Thornley-Yates, the Society’s head of intermediary sales, said: “The joint borrower sole proprietor mortgage can be very well suited for parents who already own their home to help a son or daughter onto the property ladder.

“Offering this as an option to our competitively priced range of mortgages is very much in tune with our personalised approach to applications. We always look at such applications in the round and make an individual decision based on all the circumstances.”