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Multi-generation solutions

In an ever-evolving world, we’re proud to provide mortgages to help families and groups of friends to live flexibly. As a specialist lender, our multi-generation mortgage solutions for up to four applicants are individually tailored to suit your clients’ needs and cater for a wide range of complexities. To find out more please talk to your Specialist Business Development Manager or call 01858 412345

Award-winning multi-generation solutions!

We’re delighted that our multi-generation mortgage range received recognition in the Finder 2023 UK Lending Innovation Awards where we were named winner of the Mortgages Innovation award! You can read more about our win here.

Why multi-generation living?

There can be many personal and financial benefits to a multi-generation living arrangement. Whilst economic factors may be the driving force behind your clients’ wishes, the communal aspect that comes with multi-generational living is perhaps the biggest advantage of all. Take a look at some of the reasons why we are pleased to offer this particular mortgage solution:

  • Achievement of home ownership goals – by pooling resources, your clients may be able to afford a home they couldn’t buy alone
  • A way of getting a foot on the property ladder – perhaps an alternative to the ‘bank of mum and dad’
  • Longer term financial benefits –  for example with inheritance tax and stamp duty obligations
  • Enhanced support – overcoming loneliness and having more support around the home
  • Care benefits – whether for children or the older generation
  • Sharing of utility bills – for economic and environmental benefits

Key features

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Up to four borrowers' income considered for maximum affordability

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We lend up to the age of 85

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Simple pricing and competitive rates up to 75% LTV

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No family connection required

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Interest only solutions available

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Complex properties considered, including large acreage and annexes

We assess each enquiry on an individual basis and look for solutions to even the trickiest of cases. We’re experienced in dealing with scenarios that can be typically associated with multi-generation mortgage

  • Complex income – we consider different sources including pension and investment income
  • Joint borrower, sole ownership solutions available
  • Various property types – as well as complex properties, we can also consider those that are in need of some light or heavier refurbishment

Products and rates

We offer solutions to simple and more complex cases as well as bespoke solutions where needed and our multi-generation solutions can now be combined with our other product lines. Contact your Specialist Business Development Manager for more information or to chat about our multi-generation range.

Product typeComplexityMin/max loan sizeRates from
Multi-generationTier one£200k – £2m5.65%
Multi-generation – no fee
(purchase)
Tier one£200k – £1.5m5.88%
Multi-generation – no fee
(purchase and remortgage)
Tier one£1.5m – £2m5.80%
Multi-generation Tier two£200k – £2m6.15%
Multi-generation – no fee
(purchase)
Tier two £200k – £1.5m6.38%
Multi-generation – no fee
(purchase and remortgage)
Tier two £1.5m – £2m6.30%

Please contact your Specialist Business Development Manager on 01858 412345 to find out more.

 

Criteria

Winner of the ‘Mortgages Innovation’ award!

We’re delighted to have won the ‘Mortgages Innovation’ award in the Finder UK 2023 Lending Innovation Awards for our multi-generation range!

You can read more about this award here.

Here to help

We’re here to help if you have any questions and are happy to chat through individual cases. Contact your Specialist Business Development Manager, email brokers@mhbs.co.uk or call us on 01858 412345.

Don’t take our word for it

We’re delighted that almost all brokers who review us on feefo give us a five-star rating, the highest possible score.

For the second year running we have received the feefo Gold Service Award!

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Our winners and highly commended partners have been announced!

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Don’t take our word for it

We’re delighted that almost all intermediaries who review us on feefo give us a five-star rating, the highest possible score.

For the second year running we have received the feefo Gold Service Award!