Just Mortgages has secured entry to a 5% deposit new-build mortgage from Gen H, through its specialist arm.
Just Mortgages New Build & Shared Ownership division has a staff of 34 devoted advisers focussing on this space of the market.
The New Build Boost mortgage from Gen H was launched earlier this 12 months in partnership with Persimmon Homes in its place to Help to Buy.
It permits patrons to borrow with a 5% deposit, which is supported by a 15% fairness mortgage.
But not like Help to Buy, the fairness mortgage is interest-free for the complete time period and there aren’t any obligatory repayments.
Just Mortgages chapter managing director John Doughty says: “Since its launch, New Build Boost has created appreciable curiosity amongst budding dwelling patrons, offering a tangible pathway for the numerous who don’t fairly have all of the deposit or the place affordability is especially stretched.
“It’s a fantastic instance of innovation from Gen H to enhance entry to the property market and we couldn’t be extra proud to have the opportunity to offer it to shoppers by means of our specialist staff of latest construct advisers.
“It’s actually an enormous win for Just Mortgages New Build & Shared Ownership and additional cements our place, each as a trusted supplier of high quality recommendation, but in addition as the most important specialist new construct staff available in the market.”
Gen H chief industrial officer Pete Dockar says: “Just Mortgages are extraordinarily well-established within the new construct house, and the top quality service they supply makes them a wonderful selection to carry and advise on New Build Boost.
“Making homeownership accessible requires not solely the correct financing choices however the correct companions, too – and with their clear experience and footprint throughout the nation, we have now that with Just Mortgages.”
