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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.

What is the deposit booster agreement?

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

What information will a mortgage deposit booster need to provide?

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

What are the advantages of being a Deposit Booster?

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

Does a Deposit Booster go on the mortgage?

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

Is there a maximum number of Deposit Boosters allowed on a mortgage?

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

If I am a deposit booster what happens if the owner stops paying their mortgage?

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

How do I repay a deposit booster?

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

Can a deposit booster turn their loan into a gift?

John Cullen

Tanisha Anand

Ashley Currie

Deposit Booster

Find answers and get help from Intercom Support and Community Experts

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