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

What is a deposit booster?

The deposit booster agreement lays out the terms of a deposit booster's contribution, including when repayment will be made.

Evidence of their identity, proof of address, national Insurance number, and source of deposit. Find out more in our guide.

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

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

No, there is no maximum number of deposit boosters for a mortgage application.

If you are a deposit booster and the owner stops paying the mortgage you are not liable for this.

If you would like to pay back a deposit booster, either in part or in full, please contact us at mymortgage@generationhome.com.

Yes they can! A deposit booster can gift part or all of their loan at any time.

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