Gen H (Generation Home) is built around family-assisted buying, and for a contractor first-time buyer with family able to help, its tools are genuinely distinctive. Its income booster adds family income to expand borrowing without giving up ownership, and its deposit booster gives family deposit help a proper legal structure. Combined with accessible contractor assessment, it is a strong first-time buyer option. This guide covers how it assesses income and where it fits.
Approach is stable; figures and eligibility are confirmed at application.
Gen H’s income booster lets up to two family members join the mortgage so their income expands what you can borrow — while they take no ownership of the property. The deeds are yours; their income simply helps clear the affordability hurdle, and the boosters can be removed later as your own income grows. Its deposit booster gives family deposit help a legal structure — as an equity stake or an interest-free loan — replacing the vague ‘gifted deposit letter’ with documented terms everyone understands. For a contractor with strong earnings, a modest deposit and family willing to help, Gen H underwrites both halves in one coherent frame. Booster arrangements involve independent legal advice; specifics are confirmed at application.
Gen H assesses qualifying contractors on the day rate or contract basis, using the standard annualisation:
Day rate x 5 days x 46 weeks = assessed annual income
A £450 day rate assesses at £103,500; at a standard 4.5x that is around £465,000 of indicative borrowing before any booster — illustrative, and dependent on your circumstances and Gen H’s live criteria. A booster is applied to the assessed income where used.
A typical application is built around the current contract, work history, bank statements and proof of deposit and identity, plus the booster arrangements where used. Gen H’s accessible assessment extends to newer contractors, which pairs well with the booster tools for first-time buyers. It prefers clean credit. Its sweet spot is the contractor first-time buyer with family able to help but no clean mechanism for it.
Illustrative only, using the standard 5 x 46 method and a typical 4.5x multiple before any booster; boosters lift the figure.
If a booster is involved, bring the family members into the conversation early — income boosters add their income (and share responsibility) without giving them ownership, and they take independent legal advice as part of the process, so it is worth setting expectations up front. Present your own contract clearly so your day rate is assessed correctly, with the booster applied on top.
For a deposit booster, agree the structure — equity stake or interest-free loan — with the family member before applying.
Gen H suits the contractor first-time buyer with family able to help but no clean mechanism for it — its income and deposit boosters give that help a proper structure, and its accessible assessment extends to newer contractors.
It suits you less well if you have no family support to structure and a straightforward case, where a mainstream or enhanced-multiple lender may simply be cheaper.
Up to two family members join the mortgage to expand borrowing while taking no ownership of the property; boosters can be removed later as income grows. Exact terms are confirmed at application.
Family deposit help is structured legally — as an equity stake or an interest-free loan — rather than an informal gift. Specifics are confirmed at application.
Its accessible assessment extends to newer contractors, which pairs well with the booster tools for first-time buyers. We confirm the live position.
No — income boosters share responsibility but take no ownership. Boosters receive independent legal advice as part of the process.
On the day rate or contract basis, annualised as rate x 5 x 46, with any booster applied to the assessed income.
Yes to both, with appropriate income evidence for each structure.
A Gen H income booster adds up to two family members’ income to expand your borrowing while giving them no ownership of the property, and it can be removed later as your income grows — more flexible than a traditional guarantor arrangement. Boosters take independent legal advice as part of the process.
Yes — the deposit booster structures family deposit help legally, as an equity stake that shares in the property’s growth or as an interest-free loan repaid on sale or remortgage, rather than an informal gift. It gives everyone documented terms. Specifics are confirmed at application.
Want to know whether Gen H is the right lender for your contract — or which lender is? As a whole-of-market brokerage we compare Gen H against the rest of the market and confirm live criteria for your circumstances before you apply.