The House Hunt

Can I have a lodger?

We do not allow properties we lend against to be rented out, this includes having a lodger.

Written by Millie
Updated over a week ago

What do I need to consider when viewing properties?

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

Written by Millie
Updated over a week ago

Mortgage in Principle

What is a mortgage in principle?

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

Written by Sophia Guy-White
Updated over a week ago

What do I do with my 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.

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Written by Mari-Liis Kanter
Updated over a week ago

Property Criteria

Property Criteria: What properties do you accept?

We accept different properties on a Generation Home mortgage. Explore our property criteria.

Written by Sophia Guy-White
Updated over a week ago

Getting a mortgage on a flat roof property

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.

Written by Sophia Guy-White
Updated over a week ago

Do you offer mortgages on auction properties?

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

Written by Sophia Guy-White
Updated over a week ago

What renovation can be done to the property?

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

Written by Millie
Updated over a week ago

Do you offer mortgages on ex-council properties?

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

Written by Sophia Guy-White
Updated over a week ago

Do you offer mortgages on probate properties?

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

Written by Sophia Guy-White
Updated over a week ago

I run a home business, can I apply?

Looking for a bigger office to work from home in?

Written by Alison
Updated over a week ago

New Builds

Getting a mortgage for a new build home

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

Written by Sophia Guy-White
Updated over a week ago

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

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

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Written by Stephanie Roshier
Updated over a week ago

Can I use the Help to Buy Equity Scheme, if I am already an income booster for someone else?

If you are already an income booster for someone this could be a possibility, and you would need to explore more with the Help to Buy agent.

Written by Alison
Updated over a week ago

What are new build warranties?

What they do and don't cover

Written by Sophia Guy-White
Updated over a week ago

Can warranties impact my mortgage application?

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

Written by Sophia Guy-White
Updated over a week ago

Freehold vs Leasehold

What are the differences between freehold and leasehold?

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

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Written by Mari-Liis Kanter
Updated over a week ago

What is a service charge?

What do I need to know about service charges?

Written by Millie
Updated over a week ago

Lease extensions

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

Written by Millie
Updated over a week ago

What is ground rent?

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

Written by Alison
Updated over a week ago

Surveys & Valuations

Valuations

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

Written by Alison
Updated over a week ago

What are property surveys, and what do they include?

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

Written by Millie
Updated over a week ago

What does a surveyor do?

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

Written by Sophia Guy-White
Updated over a week ago

How to raise a valuation appeal

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

Written by Sophia Guy-White
Updated over a week ago

Down valuation guide for buyers

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.

Written by Millie
Updated over a week ago

Cladding

Do you lend on properties with cladding?

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

Written by Alison
Updated over a week ago

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

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.

Written by Alison
Updated over a week ago

Valuing a property with cladding

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

Written by Sophia Guy-White
Updated over a week ago