Is New Build Boost a second charge mortgage? | FAQs

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Is New Build Boost a second charge mortgage?

Is New Build Boost a second charge mortgage?

No. With New Build Boost, you get a main mortgage and an interest-free boost all wrapped up in Gen H's standard first charge.

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Written by Megan

Updated over 6 months ago

Gen H will hold a first charge over your property, like your mortgage lender normally would, and no one else will have any rights over it.

The builders can’t influence the valuation, decide who we lend to, or make you repay the boost earlier than you want to.

That said, Gen H, as your mortgage lender, can repossess your home if you stop making payments.