Boosters

What is a Booster?

Written by Polly Gilbert
Updated over a week ago

I'd rather get a mortgage on my own. Do I have to use a boost?

Written by Polly Gilbert
Updated over a week ago

If I can afford a mortgage alone, are there other benefits to using a boost?

Written by Polly Gilbert
Updated over a week ago

What is the impact on inheritance tax for a booster?

Written by Polly Gilbert
Updated over a week ago

How do interest rates for an Income Boost compare to regular mortgages?

Written by Polly Gilbert
Updated over a week ago

Will my booster always be on the mortgage?

Written by Polly Gilbert
Updated over a week ago

What is an Income Boost?

Written by Polly Gilbert
Updated over a week ago

Can you help me if I have no deposit saved?

Written by Polly Gilbert
Updated over a week ago

How old can the person/s providing the Income Boost be?

Written by Polly Gilbert
Updated over a week ago

Can I use an Income Boost on a remortgage?

Written by Polly Gilbert
Updated over a week ago

Can I get an Income Boost with a person who will be living with me in the property?

Written by Polly Gilbert
Updated over a week ago

Can one of the joint borrowers on an Income Boost live in another country?

Written by Polly Gilbert
Updated over a week ago

What happens if I have an Income Boost and my booster dies?

Written by Polly Gilbert
Updated over a week ago

How many people can be on an Income Boost?

Written by Polly Gilbert
Updated over a week ago

Is an Income Boost a repayment mortgage or an interest-only mortgage?

Written by Polly Gilbert
Updated over a week ago

Will my term be based on the age of the oldest borrower?

Written by Polly Gilbert
Updated over a week ago

What is a Deposit Boost?

Written by Polly Gilbert
Updated over a week ago

Can I pay the Deposit Boost loan back to my booster in the future?

Written by Polly Gilbert
Updated over a week ago

Am I able to make the interest monthly payments of the Deposit Boost myself instead of my booster paying?

Written by Polly Gilbert
Updated over a week ago

Can you help me if I have no deposit saved?

Written by Polly Gilbert
Updated over a week ago

How does a Deposit Boost affect my booster's home?

Written by Polly Gilbert
Updated over a week ago

Could I get a Deposit Boost if my parents have an existing mortgage?

Written by Polly Gilbert
Updated over a week ago

How does the money from the Deposit Boost reach the buyer?

Written by Polly Gilbert
Updated over a week ago

What happens if my booster wanted to sell their property or move?

Written by Polly Gilbert
Updated over a week ago

What is the minimum loan amount for a deposit boost?

Written by Polly Gilbert
Updated over a week ago

What happens if my booster were to die?

Written by Polly Gilbert
Updated over a week ago

Is the booster limited to an interest-only mortgage?

Written by Polly Gilbert
Updated over a week ago

Can my family use their property as a boost if they are retired?

Written by Polly Gilbert
Updated over a week ago

Am I able to make the interest monthly payments of the Deposit Boost myself instead of my booster paying?

Written by Polly Gilbert
Updated over a week ago

If my booster is under 55 will you do an interest-only or repayment mortgage for them?

Written by Polly Gilbert
Updated over a week ago

What is a Retirement Interest Only (RIO) mortgage?

Written by Polly Gilbert
Updated over a week ago

Is there an age limit for the family member helping with the Deposit Boost?

Written by Polly Gilbert
Updated over a week ago

Are the interest rates different on a RIO?

Written by Polly Gilbert
Updated over a week ago

What are the implications of only paying interest each month?

Written by Polly Gilbert
Updated over a week ago

Will the interest stay the same for the monthly payments on the Deposit Boost?

Written by Polly Gilbert
Updated over a week ago

How long will the booster have to make the Deposit Boost payments for?

Written by Polly Gilbert
Updated over a week ago

What's the difference between equity release and a deposit boost?

Written by Polly Gilbert
Updated over a week ago

Does the boost come from loved ones or from Tembo?

Written by Polly Gilbert
Updated over a week ago

Can a booster's property be based outside of the UK?

Written by Polly Gilbert
Updated over a week ago

What type of properties can be used for the deposit boost?

Written by Polly Gilbert
Updated over a week ago

Can a booster protect their Deposit Boost with a Declaration of Trust?

Written by Polly Gilbert
Updated over a week ago

What is a guarantor mortgage?

Written by Polly Gilbert
Updated over a week ago

An Income Boost or Deposit Boost doesn't work for me. Do you offer regular guarantor mortgages?

Written by Polly Gilbert
Updated over a week ago

Can a child be the guarantor for a parent?

Written by Polly Gilbert
Updated over a week ago