Gen H

Please reach out to us if you plan on having a lodger living in the property.

Can I have a lodger?

Handy hints and tips to consider before falling in love with a property.

What do I need to consider when viewing properties?

April Stephenson

John Cullen

Tanisha Anand

What should I look for when viewing properties?

The House Hunt

Also known as an agreement in principle or a decision in principle.

What is a mortgage in principle?

You can take your mortgage in principle (MIP) with you when you view properties to show the estate agents or the sellers.

What do I do with my mortgage in principle?

Mortgage in Principle

At Gen H, we offer mortgages on a range of different properties. Explore our property criteria below:

Property Criteria: What properties do you accept?

Can you get a mortgage on a flat roof property? Yes, depending on the valuation. Learn more about getting a mortgage on a flat roof home.

Getting a mortgage on a flat roof property

No, we do not offer mortgages on any sort of auction property.

Do you offer mortgages on auction properties?

On completion, we require the property to be habitable. This means that we cannot lend on any property that requires major renovation.

What renovation can be done to the property?

We are able to lend on ex-council properties, provided they meet our minimum value requirements below.

Do you offer mortgages on ex-council properties?

We can offer mortgages on probate properties once probate has been granted.

Do you offer mortgages on probate properties?

Looking for a bigger office to work from home in?

I run a home business, can I apply?

Alison

Property Criteria

Things to keep in mind when purchasing a new build home.

Getting a mortgage for a new build home

How you can move forward if you're buying an unfinished new build property.

Can my new build property still be valued if it isn't finished?

What are new build warranties?

Yes! It’s a condition of most mortgage applications that a warranty must be in place if you’re buying a newly built home.

Can warranties impact my mortgage application?

New Builds

Most flats and maisonettes are leasehold, most houses are freehold but always double-check with your estate agent.

What are the differences between freehold and leasehold?

What do I need to know about service charges?

What is a service charge?

What is a lease extension and what does this mean for your mortgage application?

Lease extensions

Ground Rent is a fee you pay to the freeholder that owns the land on which your property is built.

What is ground rent?

Freehold vs Leasehold

A survey is a detailed inspection of a property’s condition, intended to flag any problems such as unstable walls or faulty wiring.

What are property surveys, and what do they include?

Find out about the different types of valuations and property surveys.

Valuations

A property survey is an inspection carried out by a qualified surveyor. They will record any problems with the building or surrounding land.

What does a surveyor do?

To raise a valuation appeal, the surveyor will need some further information on 3 recently sold properties.

How to raise a valuation appeal

Down valuation is when a property has been valued at less than you expected. Read our down valuation guide for buyers to secure a mortgage.

Down valuation guide for buyers

Surveys & Valuations

We will require a mortgage valuation to take place to confirm if we could lend on the property.

Do you lend on properties with cladding?

What is an EWS1 form? EWS1 certificates state when an external wall system passes a safety review. See if you need one for your mortgage.

What is an External Wall System Surveys (EWS1) form?

If you're looking to buy a leasehold property that has cladding on the building, the valuer may need to see an EWS1 form.

Mortgage in Principle

Property Criteria

New Builds

Freehold vs Leasehold

Surveys & Valuations

Cladding