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Application criteriaAcceptableComments
📓
Absent Freeholder
No
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Additional lending / borrowing
No
No additional borrowing is currently allowed on existing Generation Home mortgages.
📓
Remortgage with Additional Borrowing / Capital raising
Yes
We only allow capital raising in conjunction with a re-mortgage. Please refer to the
📓
Remortgage & Additional Borrowing
page.
📓
Debt consolidation
Yes
We only allow capital raising for debt consolidation in conjunction with a re-mortgage. Please refer to the
📓
Remortgage & Additional Borrowing
page.
📓
Guarantors
No
We do not allow guarantors, we do allow income boosters. Please refer to the
📓
Boosters
page for more info.
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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
📓
Remortgage & Additional Borrowing