Boosters

What is a Generation Home booster?

A Generation Home booster is someone who can help make homeownership possible for you.

Written by Sophia Guy-White
Updated over a week ago

Can I gift my equity to others?

How do I transfer equity to someone else on the mortgage?

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Written by Ashley Currie
Updated this week

Who can live in the property?

Income and deposit boosters are unable to live in the property.

Written by Millie
Updated over a week ago

All things Occupancy Waiver

What is an Occupancy Waiver and do I need one?

Written by Connor
Updated over a week ago

What is an Income Booster?

Watch our Income Booster video to find out more!

Written by Sophia Guy-White
Updated over a week ago

Who can be an income booster?

Members of your immediate family can act as your income booster: parents, grandparents, siblings, aunts or uncles.

Written by Sophia Guy-White
Updated over a week ago

Why do Income Boosters need to set up Direct Debits?

We require direct debit mandates from income boosters to provide ease and flexibility should they want or need to contribute.

Written by Millie
Updated over a week ago

Can I use Help to Buy with a booster?

Unfortunately, you cannot use the booster features if you plan to use the Help to Buy scheme.

Written by Sophia Guy-White
Updated over a week ago

Can an income booster be retired?

Yes, your income booster could be retired, but you would need to factor in the below information.

Written by Connor
Updated over a week ago

How many Income Boosters are allowed on the mortgage?

You can have up to six people on the mortgage, this includes income boosters.

Written by Evie
Updated over a week ago

Is an income booster the same as a Guarantor?

No, an income booster is not the same as a guarantor, but the roles are similar.

Written by Sophia Guy-White
Updated this week

Is an income booster the same as a Joint Borrower, Sole Proprietor mortgage?

The income booster is our spin on a Joint Borrower, Sole Proprietor (JBSP) mortgage.

Written by Sophia Guy-White
Updated over a week ago

Does an income booster have to pay every month?

An income booster can choose whether to contribute to the mortgage and if so, how much they wish to pay.

Written by Sophia Guy-White
Updated over a week ago

Can my Income Booster have bad credit?

Your income booster must have at least a "good" credit score.

Written by Sophia Guy-White
Updated over a week ago

Can I be an Income Booster on more than one mortgage?

Yes, you can be an income booster for more than one person, but this will be subject to your financial position.

Written by Sophia Guy-White
Updated over a week ago

Can I take out another mortgage if I am an income booster?

This will depend on your financial circumstances.

Written by Sophia Guy-White
Updated over a week ago

What is a deposit booster?

A deposit booster helps home buyers with the deposit. But instead of simply gifting the money, they contribute to the deposit via a loan.

Written by Sophia Guy-White
Updated over a week ago

Deposit Booster: What can I use as the deposit?

Unsure of what source of funds we accept for Deposit Boosters?

Written by Millie
Updated over a week ago

What is the Deposit Booster Agreement?

Unsure on what the Deposit Booster Agreement consists of?

Written by Millie
Updated over a week ago

What information will a Deposit Booster need to provide?

What is needed from a Deposit Booster during the application?

Written by Millie
Updated over a week ago

What are the advantages of being a Deposit Booster?

It's a personal decision for everyone, but there are some key advantages to being a deposit booster over gifting.

Written by Erik Edin
Updated over a week ago

Does a Deposit Booster go on the mortgage?

No, a deposit booster will not be listed on the mortgage or share any responsibility for the mortgage debt.

Written by Evie
Updated this week

Is there a maximum number of Deposit Boosters allowed on a mortgage?

Deposit Booster requirements

Written by Sophia Guy-White
Updated over a week ago

Does a Deposit Booster need to be living in the UK?

Deposit Booster requirements

Written by Sophia Guy-White
Updated over a week ago

What is ILA?

ILA stands for Independent Legal Advice, which is provided by a solicitor before you enter into a financial arrangement.

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Written by Mari-Liis Kanter
Updated over a week ago