Untitled

Application criteriaAcceptableComments
Absent Freeholder
No
Additional lending/borrowing
No
No additional borrowing is currently allowed on existing Generation Home mortgages during the fixed rate period
Capital raising
Yes
We only allow capital raising in conjunction with a remortgage, please see Loan purpose
Debt consolidation
Yes
Up to 70% LTV and lower of £30,000 or 10% of the mortgage
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
Maybe
We allow capital raising on unencumbered properties that have been owned for a minimum of 6 months and registered at land registry. Capital raising is only allowed for the purpose of buying out partner up to max LTV 70%