Just Mortgages has secured access to a 5% deposit new-build mortgage from Gen H, via its specialist arm.
Just Mortgages New Build & Shared Ownership division has a team of 34 dedicated advisers focussing on this area of the market.
The New Build Boost mortgage from Gen H was launched earlier this year in partnership with Persimmon Homes as an alternative to Help to Buy.
It allows buyers to borrow with a 5% deposit, which is supported by a 15% equity loan.
But unlike Help to Buy, the equity loan is interest-free for the entire term and there are no mandatory repayments.
Just Mortgages chapter managing director John Doughty says: “Since its launch, New Build Boost has created considerable interest among budding home buyers, providing a tangible pathway for the many who don’t quite have all the deposit or where affordability is particularly stretched.
“It’s a great example of innovation from Gen H to increase access to the property market and we couldn’t be more proud to be able to offer it to clients through our specialist team of new build advisers.
“It’s certainly a massive win for Just Mortgages New Build & Shared Ownership and further cements our place, both as a trusted provider of quality advice, but also as the largest specialist new build team in the market.”
Gen H chief commercial officer Pete Dockar says: “Just Mortgages are extremely well-established in the new build space, and the high quality service they provide makes them an excellent choice to carry and advise on New Build Boost.
“Making homeownership accessible requires not only the right financing options but the right partners, too – and with their clear expertise and footprint across the country, we have that with Just Mortgages.”
