Boost Your Mortgage Power with Generation Home's Innovative Products

Are you dreaming of owning your dream home but finding it challenging to secure the mortgage you need? Look no further! WhiteKnights Estate Agency, in conjunction with the Mortgage Advice Bureau is excited to introduce you to the groundbreaking products from Generation Home, designed to make homeownership more accessible and affordable.

1. Add an Income Booster to Your Mortgage

One of Generation Home's innovative offerings is the option to include an "Income Booster" to your mortgage application. Here's how it works:

  • Who is the Income Booster? The Income Booster is a family member who joins your mortgage application. Their income, including retirement income, is used to boost the amount you can borrow. The best part? They don't need to own the property or be listed on the property deeds, so there's no impact on your stamp duty.

  • What's in it for Them? Your Income Booster has options too! They can choose to contribute to the monthly mortgage payments, effectively building equity in your property. Alternatively, they can simply remain on standby without making any contributions.

  • Flexibility Down the Line: As your financial situation improves, you have the flexibility to remove the Income Booster. When you decide to remortgage in the future, your Income Booster can come off the mortgage if you can afford it on your own. It's that simple.

With Generation Home's Income Booster, you can achieve your homeownership goals faster and more affordably. It's a unique opportunity to expand your borrowing capacity without the added burden of higher stamp duty costs.

Don't forget to check out the accompanying video for a detailed explanation of how these products work and how they can benefit you on your journey to homeownership.

Boost your Mortgage Power with Generation Home from WhiteKnights Income Booster Explained

Empower Your Homeownership with Dynamic Ownership

Are you ready to take your homeownership journey to the next level?  This innovative solution redefines the way you share homeownership with others, making it fair, flexible, and truly dynamic.

Understanding Equity

Before we delve into the details of Dynamic Ownership, let's start by understanding what equity means. Equity represents how much of your home you own outright. It's essentially the difference between the property's price and your outstanding mortgage balance. The more equity you have, the more of your home you truly own.

Track Your Share

With Generation Home's Dynamic Ownership, you can jointly own your home with individual equity. This means that each owner can dynamically track their share of the property. It's a game-changer that ensures transparency and fairness in your homeownership journey.

Safety and Flexibility

Dynamic Ownership is not only about fairness but also about flexibility. It's an investment in your property that can go up or down with your home's value. Owners have the option to cash out their equity when it suits them, subject to certain criteria. This flexibility adds a new dimension to homeownership, allowing you to adapt to changing circumstances.

Keeping it Fair with Home Agreements

To ensure that Dynamic Ownership stays safe and fair, Generation Home provides a "home agreement." This legal document tracks each person's contributions and their respective shares of the home. It's a critical component of making sure everyone involved knows what's rightfully theirs.

How it Works

  1. Apply for Your Gen H Mortgage: You and up to five others can join forces to buy a property together.

  2. Choose Your Ownership Style: Decide how you'd like to own together. Opt for Dynamic Ownership to build individual equity.

  3. Set Up Your Home Agreement: Generation Home will assist you in establishing a home agreement, which legally tracks each person's contributions and share of the home.

  4. Involve Your Income Booster: If you have an Income Booster, they can also use the home agreement to make payments and build up a stake in the home. It's a win-win situation for all involved parties.

Dynamic Ownership from Generation Home empowers you to own property jointly while maintaining individual equity. It's a game-changing approach to homeownership, offering flexibility, transparency, and fairness.

For more details and a comprehensive understanding of how Dynamic Ownership works, check out this video that will provide you with a step-by-step guide.

Boost your Mortgage Power with Generation Home from WhiteKnights Home Agreement Explained

Accelerate Your Path to Homeownership with Generation Home's Deposit Booster

Are you eager to step onto the property ladder but find yourself faced with the challenge of saving for a substantial deposit? Let's introduce you to Generation Home's innovative solution - the "Deposit Booster." This exciting offering can help you boost your buying power and get you on the path to homeownership sooner than you think.

What is a Deposit Booster?

A Deposit Booster is someone you know, be it a friend or a family member, who is willing to support you in your journey to homeownership. Unlike traditional high-street lenders, Generation Home provides you with flexible options to receive help with your deposit.

Why Choose a Deposit Booster?

Statistics show that two-thirds of first-time buyers receive assistance with their deposit, and often, this assistance comes in the form of a gift. However, this approach can be limiting, as gifters must commit to not expecting repayment. This can create awkward situations and limit the amount they can contribute.

With a Deposit Booster, you have more choices. Boosters can often offer more substantial support, as they have the option to get some of their contributions back later. This flexibility allows parents to support multiple children with the same pool of funds, making homeownership more accessible for everyone involved.

Who Can Be a Deposit Booster?

A Deposit Booster can be someone you know who wants to contribute to your deposit in various ways. This opens up opportunities for friends and family members to play a crucial role in helping you achieve your homeownership goals.

How Many Deposit Boosters Can You Have?

The best part is, there's no maximum limit to the number of Deposit Boosters you can have. You can tailor your support network to your specific needs and financial goals.

Deposit Loan, Equity Loan, or Gift

Generation Home offers three flexible options for Deposit Boosters:

  1. Deposit Loan: This is an interest-free loan provided by your Booster. You can pay them back later, making it a secure and straightforward arrangement.

  2. Equity Loan: Your Booster can choose to invest in your property, and their stake goes up or down with the home's value. They can cash out when it suits both parties, subject to certain criteria.

  3. Gift: Of course, your Booster can choose to provide a gift if they prefer. They can also decide to turn a loan into a gift later on. With a Generation Home home agreement, your Booster can even select who on the mortgage gets to keep the gift.

With Generation Home's Deposit Booster, you can access the support you need to make your homeownership dreams a reality. It's a flexible, innovative approach that empowers you to accelerate your journey to owning your own home.

For more details and a comprehensive understanding of how the Deposit Booster works, be sure to check out the video that will guide you through the process.

Boost your Mortgage Power with Generation Home from WhiteKnights DEPOSIT BOOSTER

If you have any questions or are interested in exploring these Generation Home products further, please don't hesitate to reach out to us. We're here to assist you every step of the way.

CALL: 0118 402 1240