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How is my boost calculated?

Your boost will be equal to 15% of your property's value.

M
Written by Megan
Updated over a month ago

When calculating how much we can lend to help you buy your home, we set the boost at 15% of the property's value.

The usual split is a 5% deposit, a 15% boost, and an 80% mortgage.

If your property is worth £220,000, that means your deposit would be worth £11,000, your boost would be worth £33,000, and the mortgage would cover the remaining £187,000.

If you have a bigger deposit, say 8%, the boost would still be worth 15%, and the mortgage would shrink to cover the remaining 77%.

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