Criteria

Am I eligible?

Sophia Guy-White avatar S Millie avatar +1
42 articles in this collection
Written by Sophia Guy-White, Stephanie Roshier, Millie and 1 other
Income

How can I prove my forecasted state pension income?

Find out how to get your forecasted state pension figure using our guide.
Alison avatar
Written by Alison
Updated over a week ago

What income do you accept?

Generation Home take a common-sense approach to assessing our mortgages and so we understand that everyone's circumstances are different.
Millie avatar
Written by Millie
Updated over a week ago

Can I get a mortgage as a CIS Subcontractor?

Yes, CIS Subcontractor income is something we can consider.
Alison avatar
Written by Alison
Updated over a week ago

What's the minimum income I need to apply for a mortgage?

The minimum income requirement will depend on the size and composition of your buying group.
Sophia Guy-White avatar
Written by Sophia Guy-White
Updated over a week ago

Can I get a mortgage while using benefits as income?

Yes, you can use income from benefits.
Sophia Guy-White avatar
Written by Sophia Guy-White
Updated over a week ago

How much can I borrow?

We don’t use income multiples to determine your loan amount. Instead, we carefully consider each applicant’s circumstances.
Sophia Guy-White avatar
Written by Sophia Guy-White
Updated over a week ago

Can I get a mortgage using child maintenance payments as income?

We can only consider maintenance payments as income if it is court-ordered.
Alison avatar
Written by Alison
Updated over a week ago

Does Generation Home lend to students?

Unfortunately, we do not lend to most full-time students.
Sophia Guy-White avatar
Written by Sophia Guy-White
Updated over a week ago

What is a dependent and how does this affect your mortgage application?

A dependent is someone that relies on you financially. This person can be a child or adult and they can have various relationships to you.
Millie avatar
Written by Millie
Updated over a week ago

How to obtain a Universal Credit statement

A step by step guide on how to download a Universal Credit statement
Millie avatar
Written by Millie
Updated over a week ago
All things employment

What if I've recently changed employment?

If you have changed from self-employed to employed or vice versa. In order to look into this, we would want to find out more information.
Millie avatar
Written by Millie
Updated over a week ago

Can we accept customers during their probation period?

When starting a new role, most employees have a probation period of around 3-6 months.
Alison avatar
Written by Alison
Updated over a week ago

Is Stipend income acceptable?

Stipend income may be accepted.
Alison avatar
Written by Alison
Updated over a week ago

Can I get a mortgage on a fixed term contract?

Can I get a mortgage on a fixed term contract with Generation Home? Yes! Getting a mortgage on a fixed term contract is possible. Read more.
Sophia Guy-White avatar
Written by Sophia Guy-White
Updated over a week ago

I'm on a zero hours contract. Can I get a mortgage?

Yes, you can get a Generation Home mortgage on a zero hours contract.
Sophia Guy-White avatar
Written by Sophia Guy-White
Updated over a week ago

Does Generation Home accept income from bank work?

We are able to accept those who receive income from bank work.
Millie avatar
Written by Millie
Updated over a week ago

I've just started a new job, can I apply for a mortgage?

We would require to see your new signed contract and your first month's payslip from your new job.
Sophia Guy-White avatar
Written by Sophia Guy-White
Updated over a week ago

Can I get a mortgage if I'm on maternity or paternity leave?

Getting mortgage when you are on maternity or paternity is possible! Read below to understand more.
Sophia Guy-White avatar
Written by Sophia Guy-White
Updated over a week ago

Does Generation Home accept income from a second job?

Generation Home is able to take into account income from a second job.
Millie avatar
Written by Millie
Updated over a week ago
Ways to buy

Can I apply for a Generation Home mortgage using the Rent to Buy scheme?

Unfortunately, we cannot provide you with a mortgage if you are using the Rent to Buy scheme.
Alison avatar
Written by Alison
Updated over a week ago

Can someone move into the property with me?

Yes, you can have someone living in the property with you.
Alison avatar
Written by Alison
Updated over a week ago

What is Let to Buy?

A let to buy mortgage is where you change your existing mortgage so that you can rent out the property
Alison avatar
Written by Alison
Updated over a week ago

What is the Right to Buy scheme?

Right to buy allows most tenants of council-owned properties to buy their homes from the council at a discounted price.
Alison avatar
Written by Alison
Updated over a week ago

Does Generation Home offer Buy to Let mortgages?

No, we don’t and that’s because we aim to help our customers become homeowners.
Sophia Guy-White avatar
Written by Sophia Guy-White
Updated over a week ago

Can I use a shared ownership scheme with a Generation Home mortgage?

Unfortunately not, we don't currently offer mortgages on shared ownership properties.
Sophia Guy-White avatar
Written by Sophia Guy-White
Updated over a week ago

Can I use the Help to Buy Equity Loan Scheme?

You can use the Help to Buy Equity Loan scheme alongside your Generation Home mortgage.
S
Written by Stephanie Roshier
Updated over a week ago

Can I get a Generation Home mortgage using the First Home Scheme?

Unfortunately not, you cannot get a Generation Home mortgage while using the First Homes Scheme.
Sophia Guy-White avatar
Written by Sophia Guy-White
Updated over a week ago