Generation Home (Gen H) has changed its criteria to accept nieces, nephews and friends as income boosters.

Friends will be able to act as income boosters on mortgages up to and including 80% loan-to-value (LTV).

Nieces and nephews will also be able to act as income boosters on mortgage up to and including 95% LTV.

Other family members that are eligible include parents, children, grandparents, siblings, aunties and uncles.

Gen H chief executive officer Will Rice says: “We’ve seen how many people our income booster product has been able to help. This is why, when our brokers began requesting that friends be able to act as income boosters, we took note.”

“I’m delighted to introduce this change, especially in light of two consecutive rate reductions, because it means we’ll be able to support even more aspiring homeowners. This important development is thanks to the attention and advocacy of our broker partners.”