New Build Boost is available through a limited panel of brokers.
If you are a broker and want to offer New Build Boost to your clients, register your interest and we'll be in touch.
Boost your new build budget
Unlock 80% LTV mortgages on new builds with just a 5% deposit
Boost in the form of an equity loan
Own the whole home from day 1
Standard 80% LTV criteria
Boost is interest-free forever
Equity frozen for first 5 years
Equity payback capped at 2x
Available to first-time buyers and movers
Picking up where Help to Buy left off
New Build Boost fills the enormous gap left by Help to Buy – and builds on its best features.
A no brainer for your clients…
Locked out of buying?
Assessed as an 80% LTV mortgage
Say goodbye to the usual 95% LTV hoops and hurdles. New Build Boost uses Gen H’s standard criteria, meaning more of your clients could pass affordability and buy a home.
Looking to buy a bigger home?
Boost their budget
Need an extra bedroom or the corner plot? New Build Boost can make your clients’ money go further.
New Build Boost timeline
Today
Lower monthly payments
Because their mortgage is smaller, their monthly payments are smaller too.
5 years
Deposit and affordability boost
With New Build Boost, your client can buy the new build they want, sooner.
Equity freeze ends
Clients will be referred back to you for advice on what to do next.
Pay off the boost
Clients can pay back their boost with cash or additional borrowing and switch to a standard mortgage product.
Keep the boost
The value of the boost changes with the value of the property, but it stays interest-free forever and is capped at 2x its original value.
Today
Deposit and affordability boost
With New Build Boost, your client can buy the new build they want, sooner.
Lower monthly payments
Because their mortgage is smaller, their monthly payments are smaller too.
5 years
Equity freeze ends
Clients will be referred back to you for advice on what to do next.
Pay off the boost
Clients can pay back their boost with cash or additional borrowing and switch to a standard mortgage product.
Keep the boost
The value of the boost changes with the value of the property, but it stays interest-free forever and is capped at 2x its original value.
Not your average equity loan scheme
Smarter and fairer than the rest
Frozen for 5 years
The value of the boost is frozen for the first five years even if the property’s value increases.
So if your clients repay their boost by the 5 year mark, they only need to pay back the original amount.
And if their affordability has improved, they can use additional borrowing to pay off the boost.
Interest-free forever
The boost is interest-free forever and has no recurring management fees, meaning no impact on future affordability assessments.
The only mandatory repayments are at the end of the term, when selling the property, or when leaving Gen H.
Never pay more than 2x
After 5 years, the boost’s value converts to a percentage of the property value. The value gets updated quarterly via a valuation.
The repayment value of the boost is capped at 2x the original amount, giving your clients more certainty and keeping more money in their pockets.
New Build Boost mortgage rates
| £999 fee | |
| 5-year fix | 6.54% Initial rate |
5-year fix
6.54%
£999
Initial rate
Fee
Take a closer look: New Build Boost might be more cost effective than other standard 95% LTV mortgages, even if the headline rate is higher.
That’s because 15% of the total borrowing is interest-free.
Check the monthly payments and total cost over the fixed termto see if New Build Boost makes sense for your clients.
Supported by builders, only from Gen H
The equity loan portion of New Build Boost is supported by your client’s home builder.
We’re delighted to partner with Persimmon Homes, Charles Church and Lovell Homes to bring New Build Boost to market. We plan to onboard many more house builders over the coming few months, so check back for updates!
New Build Boost is available at 352 developments, with all plots in those developments eligible to use the scheme.
See New Build Boost in action
New Build Boost FAQs
Who can sell New Build Boost?
Is the boost a second charge mortgage?
No. The 15% interest-free boost is supported by house builders but entirely managed by Gen H and encompassed by our first charge. The buyer will only have a relationship with Gen H as their lender, and no one other than Gen H will be able to enforce any rights over the property.
Can customers use incentives alongside New Build Boost?
New Build Boost isn’t considered an incentive, but house builders may not offer their usual incentives on properties bought with New Build Boost. Read our full incentives criteria.
What rates can my client use once their initial New Build Boost rate ends?
If your client hasn’t repaid the boost in full, they’ll need to select another rate from the New Build Boost family of products.
Once the boost is repaid – either by ad hoc payments, at remortgage, or by a sale – they’ll be able to choose any standard mortgage rate.
What if my client wants to remortgage away from Gen H?
They’ll need to repay the 15% boost and their mortgage. They can do this with ad hoc payments, or they may be able to repay the boost with additional borrowing when they remortgage. If they want to remortgage away mid-fix, early repayment charges will be payable as usual.
What proc fee is payable?
We pay our standard procuration fee of 0.40% on the main mortgage. We don’t earn interest on the boost so are unable to pay a fee on this element.
How does the New Build Boost application process differ?
The application process is just like normal. You’ll just have to indicate which builder, site and plot the client is buying from.
Are there any criteria specific to New Build Boost?
No – clients are assessed against our standard 80% LTV lending criteria. As with all criteria, we will keep this under review depending on demand for the scheme.
What products are available?
New Build Boost is its own specific product family and clients need to choose one of these while their boost is outstanding. Currently we only offer 5-year fixed rate products with New Build Boost.
How long are New Build Boost offers valid for?
All New Build Boost offers will be valid for 150 days.
We will extend offers without requiring a new full application. You will need to select a new product from those on sale at the time, and we will do a simple reassessment of the customer's circumstances.
Like all aspects of New Build Boost, this is an area that we will keep under review and intend to improve when we can.