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New Build Boost FAQs

Who can sell New Build Boost?

Is the boost a second charge mortgage?

Can customers use incentives alongside New Build Boost?

What rates can my client use once their initial New Build Boost rate ends?

What's the maximum deposit for New Build Boost applications?

What if my client wants to remortgage away from Gen H?

What proc fee is payable?

How does the New Build Boost application process differ?

Are there any criteria specific to New Build Boost?

What products are available?

What is New Build Boost?

Who is Gen H?

What rights do builders have over the property?

Can the builders influence the valuation?

Why does New Build Boost have its own rates?

What happens to the boost at the 5-year mark?

How should I compare New Build Boost to other products?

Does my client pay interest on the boost?

Do you charge ERCs for repaying the boost during the fixed term?

Can foreign nationals use New Build Boost?

Can clients use an income booster with New Build Boost?

Are income boosters also liable for the boost?

Will the builder need to indicate anything on the DIF or reservation?

How long are New Build Boost offers valid for?

How will you calculate affordability?

What sites are available through New Build Boost?

What clients can use New Build Boost?

What are the client’s options when looking to remortgage?

Are there any restrictions on the property type and price?

When and how can clients repay the boost?