Boost your deposit with their help
Smarter ways for family and friends to help you buy your first home.
Smarter ways for family and friends to help you buy your first home.
An interest-free loan, from them to you. Pay them back later simply and securely.
An investment in your property that goes up or down with your home’s value. They can cash out when it suits you both (subject to criteria).
Your booster can always gift, too.
Or turn a loan into a gift later.
Two-thirds of first-time buyers get help with their deposit. With high-street lenders, the only way is a gift.
But gifters have to promise they don’t expect to be paid back. And asking for unconditional money is awkward.
With a deposit boost, you’ve got options.
Boosters can often help more, since they’ll get some of it back later. And parents could support more than one child with the same pot of money.
Apply for your Generation Home mortgage.
Decide with your booster how they’d like to spread their support. You can mix and match across deposit loan, equity loan, and gift.
We’ll set you up with a deposit booster agreement, which makes everything official and keeps everyone protected.
Manage deposit loan repayments securely in your dashboard. Equity loan boosters can see what their stake in the property is worth.
Deposit loans: Repayments handled securely.
Equity loans: See what their stake is worth.
You and your booster can decide that together. You could make regular payments to them, or wait until you remortgage or sell your property.
No! Deposit boosters don’t have to be UK residents, as long as their funds come from a UK bank account.
It’s a legal agreement between you and your booster. It lays out what they’re contributing, and when, how, and how much you’ll repay them.
