Boost your new build budget
Unlock 80% LTV mortgages on new builds with just a 5% deposit
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…
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.
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
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.
