Gen H strengthens its proposal to allow revenue boosters to reside in the property

“The Income Booster has opened the doors not only for enthusiastic first-time buyers, but also for home movers and remalt gagers after life change.”
– Karen Appleton, Gen G's lending manager

Gen H has announced that income boosters will be able to reside in real estate that will help them purchase.

The Lender Co-Borrower Proposition means that income boosters go on mortgages, but not property deeds to increase the affordability of buyers.

Its “Ejector Sheet” feature then allows you to remove your income booster before you turn 85, if your mortgage is affordable at that time, and will lengthen the terms of your mortgage.

Income boosters are necessary to obtain independent legal advice as usual, and if they want to live in the property, they must sign an occupancy exemption.

Gen H was launched in 2020 as a revenue booster product. Initially, only close relatives could be mortgage income boosters with up to 95% LTV. In 2024, lenders expanded their standards to allow their friends to act as income boosters for mortgages up to 80% LTV.

“We are pleased to announce that we are committed to providing loans to our customers,” said Karen Appleton, head of lending at Gen H. This is a powerful tool that we hope will have an even greater impact as a result of this policy update. As always, our brokers are the perfect foreshadowing to such changes. They told me what my clients needed.