Income boosters can either remain on 'standby' or make a regular contribution to the mortgage repayment. If they intend to make a regular contribution please enter this in the Booster contributions field in the affordability calculator and DIP flow. We will use this as part of our affordability assessment and in some cases will mean that the owners can borrow more.
For the most accurate affordability figure please use our affordability calculator.
Please note that we will verify that boosters have sufficient disposable income to make these contributions.
Using dynamic ownership boosters can also opt to accrue equity in the property from their payments.
Note that all applicants, including income boosters, are liable for the full mortgage repayment.