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 workforce 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 as a substitute for Help to Buy.
It permits consumers to borrow with a 5% deposit, which is supported by a 15% fairness mortgage.
But in contrast to Help to Buy, the fairness mortgage is interest-free for your entire 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 house consumers, offering a tangible pathway for the various who don’t fairly have all of the deposit or the place affordability is especially stretched.
“It’s an amazing instance of innovation from Gen H to extend entry to the property market and we couldn’t be extra proud to have the ability to supply it to purchasers by means of our specialist workforce of recent 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 workforce out there.”
Gen H chief business officer Pete Dockar says: “Just Mortgages are extraordinarily well-established within the new construct house, and the prime quality service they supply makes them a wonderful selection to hold and advise on New Build Boost.
“Making homeownership accessible requires not solely the suitable financing choices however the suitable companions, too – and with their clear experience and footprint throughout the nation, we’ve got that with Just Mortgages.”
