Find out our criteria and loan to value’s (LTV) on new builds, and see how much we can potentially lend you.
Help to Buy
You are required to contribute at least a 5% cash deposit. This would then be topped up with 20% from the help to buy scheme, so the mortgage from Generation Home would be at 75% LTV.
You are unable to use income and deposit boosters if you plan to use the Help to Buy equity loan scheme.
Speak with your mortgage expert on any new build incentives to see if these are acceptable.
New builds 85%-90% LTV
Applications with self employed and contractor customers need at least 50% of the income used to support the mortgage to come from employed income.
If you are an employee of the NHS and do additional bank work, this income can be considered.
You will need to have at least a good credit score rating, and no missed payments showing on your credit file. Follow this link to understand more about what can affect your credit score.
New builds up to 85% LTV
These are subject to our normal mortgage criteria
Please reach out to us on live chat, or via email if you have any questions.