Afford more, start owning sooner
Add an income booster to your mortgage to afford more
Their income, including retirement income, is used to boost how much you can borrow. They don’t own the home or go on the property deeds, so there’s no impact on your stamp duty. Friends can be boosters on mortgage up to 80% LTV.
When you remortgage in the future, your income booster can come off the mortgage if you can afford it on your own. Simple as that.
As seen in
Boost your budget!
Income booster mortgages that are smarter than the rest
Flexible support from your nearest and dearest
You can have up to 6 people on the mortgage including the owners, and your boosters don’t have to live in the same place.
booster
The important stuff
We want to be as transparent as possible so you have everything you need to know about your income booster mortgage.
That means parents (including step-parents), children (including step-children), grandparents, siblings (including half-siblings and step-siblings), aunts and uncles (siblings of parents only), nieces and nephews can all be income boosters.
If you aren’t able to make your monthly payments, your income booster is responsible for stepping in to help.
This helps them understand their rights and responsibilities. We’ll tell you all about it and where you can go. It usually costs a few hundred pounds, depending on the solicitor you use.
Read some real stories
Income booster FAQs
You can remove your booster with a remortgage as long as you pass our affordability checks. This tells us you can afford the mortgage on your own.
Nope! They’re liable for the mortgage if you can’t pay, but they don’t have to contribute anything. If they do want to help you with your payments, their contributions will be treated as a gift.
Yes, as long as they meet our age and income requirements. Read those here.
Nope! An income booster is not a guarantor, so while they’re liable for the mortgage if the owners can’t make their payments, we couldn’t ask them to sell their own home.