| Application criteria | Acceptable | Comments |
|---|---|---|
Absent Freeholder | No | |
Additional lending/borrowing | No | No additional borrowing is currently allowed on existing Generation Home mortgages. |
Capital raising | Yes | We only allow capital raising in conjunction with a re-mortgage. Please refer to the ‘Re-mortgage & Capital raising’ page. |
Debt consolidation | Yes | ‘Refer to Maximum LTV page |
Guarantors | No | We do not allow guarantors, we do allow income boosters - please refer to other criteria |
Interest only mortgages | No | We do not offer any type of interest only mortgage. All our mortgages are capital and interest |
Unencumbered Properties | Yes | We allow capital raising on unencumbered properties that have been owned for a minimum of 6 months and are registered at land registry, for the purpose of Buying Out a Partner/s Only. Refer to Maximum LTV page for full details |