Income Boosters are required to complete Direct Debit mandate forms during the application process.

This is to provide ease and flexibility, should the Income Booster wish to make contributions. This can be managed via your Generation Home Dashboard. If your Income Booster does decide to contribute monthly, they can build up an interest in the property.

While Income Boosters are not owners, nor do they have to contribute monthly, they are liable for ensuring the mortgage is paid. If not, they would be required to make payment. This is another reason for the direct debit mandate being required.

For more information, speak to your Customer Champion.

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