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Deposit boosters

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Application β†’ All guides

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A - Z of Application criteria
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Deposit sources
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Direct Debits
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Early repayment charges
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Interest
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Tenure
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Loan to income multiples
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Loan purpose
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Loan size
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Location
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Maximum LTV
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Mortgage Term
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Offer validity
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Overpayments
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Payment holidays
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Porting
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Rate switches
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Remortgage & Additional Borrowing
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Repayment methods
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Adverse Credit
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Age
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Applicants
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Asylum Seekers
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Boosters
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Commitments & Expenditure
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Customer Verification
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Dependants
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Expat
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First-Time Buyer
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Home Movers
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Non UK Nationals
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Overseas applicants
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Owners
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Retirement
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Students
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Vulnerable Customers

Income and employment β†’ All guides

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A - Z of Income types
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Benefit income
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Contract workers
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Employed
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Foreign currency income
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Holiday Lets
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Minimum incomes
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Other income types
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Parental Leave
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Pay increases
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Pension
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Piecework
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Rental income
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Retirement income
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Self Employed
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Stipend Income
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A - Z of Property types
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A - Z of Purchasing schemes
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Bedroom count
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Construction types
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Current value
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Discounted purchase price
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Flood Risk
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Help to Buy
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Leasehold
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New builds
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New Build; Incentives & Part Exchange
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Property Charges
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Property values
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Retentions
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Tenure types
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Valuations

Packaging guide β†’ All guides

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Employed income
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Investment income
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Maintenance income
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Parental Leave
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Rental income
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Self-employed income
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Sole traders income
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Address verification
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Additional support
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Identification
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Miscellaneous
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Occupier’s consent
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Proof of deposit
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Retirement plans and pension

Generation Home Products and Services β†’ All guides

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Registering on our panel
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Income boosters
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Deposit boosters
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The Home Agreement
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Conveyancing
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ILA
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Toolkit for your clients
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Toolkit for you
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Tariff of Mortgage charges
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Terms of Business
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Privacy notice

Deposit boosters

Deposit boosters help with the deposit in return for a protected financial interest in the property.

This is done through a deposit loan or an equity loan. With an equity loan, your stake increases or decreases in line with the property value. A deposit loan is a straightforward loan - you get back what you put in.

Loans can be converted into a gift at any time.

A Booster’s capital is ring fenced to preserve a First Time Buyer’s stamp duty status.

We provide the deposit booster legal agreement free of charge and manage the loan repayment.

There is no maximum number of deposit boosters for a mortgage application. Deposit boosters do not need to be UK residents however, funds from the deposit booster must come from a UK-based bank account and be in the UK for 3 months prior to funds being released.

Requirements for a deposit booster:

  • Contact Details (number, email and full name)
  • National Insurance Number
  • Date of Birth
  • Latest 3 year address History
  • Details regarding deposit contribution; Amount, source and terms (Loan or equity stake)
  • Proof of Identification & Address (This can be done electronically or by providing documentation)

Checks that are carried out (KYC):

  • Fraud
  • PEP, sanction and Media checks
  • Address
  • Identification
  • *Where required, source of fund checks may be carried out.