Criteria

What is your age criteria?

Our maximum age is 75 if you are purchasing alone, and 85 if purchasing with someone else, or using an income booster.

Written by Sophia Guy-White
Updated over a week ago

Can I get a Generation Home mortgage if all applicants are retired?

At least one mortgage applicant must be in employment for the full mortgage term.

Written by Sophia Guy-White
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.

M

Written by Mari-Liis Kanter
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.

Written by Sophia Guy-White
Updated over a week ago

Can I get a mortgage using foreign income?

Foreign income is something we may be able to consider, we will just need some more information.

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, but it cannot make up more than 50% of your total income.

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.

Written by Sophia Guy-White
Updated over a week ago

Child Maintenance Payments

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

Written by Connor
Updated over a week ago

Does Generation Home lend to students?

We do not lend to most full-time students. If you are a PhD student receiving stipend income, we can offer a bit more flexibility.

Written by Sophia Guy-White
Updated over a week ago

Dependents

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

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

Written by Millie
Updated over a week ago

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.

Written by Millie
Updated over a week ago

Can I get a mortgage on a fixed term contract?

Yes, you can get a Generation Home mortgage on a fixed term contract.

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.

Written by Sophia Guy-White
Updated over a week ago

Bank work

Does Generation Home accept income from bank work?

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.

Written by Sophia Guy-White
Updated over a week ago

Maternity Pay

Can I get a mortgage if I'm about to go on maternity leave?

Written by Sophia Guy-White
Updated over a week ago

What if I have a second job?

Can you take into account my income from a second job?

Written by Millie
Updated over a week ago

Can I buy if I'm self employed?

Yes you can buy with Generation Home if you're self employed.

Written by Sophia Guy-White
Updated over a week ago

Gifted Deposit- Living in the Property

If my deposit is being gifted, can the person gifting live in the property?

Written by Millie
Updated over a week ago

Forces Help to Buy

Can I use the Forces Help to Buy Scheme with Generation Home?

Written by Millie
Updated over a week ago

Lifetime ISA

What is a LISA and can I use this as my deposit?

Written by Millie
Updated over a week ago

What can I use for my deposit?

We accept a number of different deposit sources. Here is our list of acceptable sources.

Written by Evie
Updated over a week ago

Can I use a Help to Buy ISA with a Generation Home mortgage?

Absolutely, you can use your Help to Buy ISA with a Generation Home mortgage.

Written by Evie
Updated over a week ago

How to complete Identity Verification

How do I provide proof of ID?

Written by Millie
Updated over a week ago

What if I work away?

Can I get a Generation Home mortgage if I work away from home?

Written by Millie
Updated over a week ago

Do I need to have UK residency to apply for a Generation Home mortgage?

Yes, where an applicant is a Foreign National, Generation Home will check that the applicant is entitled to live and work in the UK.

Written by Sophia Guy-White
Updated over a week ago

What does 'right to reside' mean?

Right to reside means you have the right to live in the UK.

Written by Sophia Guy-White
Updated over a week ago

Work Visa

Can I apply for a mortgage if I am here on a work visa?

Written by Sophia Guy-White
Updated over a week ago

Rent to Buy

I'm ready to purchase my Rent to Buy property, can you help?

Written by Connor
Updated over a week ago

Let to Buy

What is Let to Buy?

Written by Connor
Updated over a week ago

Right to Buy

What is the Right to Buy scheme?

Written by Connor
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.

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.

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.

Written by Evie
Updated over a week ago

First Home Scheme

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

Written by Sophia Guy-White
Updated over a week ago

Payment Holiday

I took a payment holiday during the COVID lockdown, can I apply?

Written by Sophia Guy-White
Updated over a week ago