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
Up to four borrowers' income considered for maximum affordability
We lend up to the age of 85
Simple pricing and competitive rates up to 75% LTV
No family connection required
Interest only solutions available
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 type | Complexity | Min/max loan size | Rates from |
|---|---|---|---|
| Multi-generation | Tier one | £200k – £2m | 5.75% |
| Multi-generation – no fee (purchase) | Tier one | £200k – £1.5m | 5.98% |
| Multi-generation – no fee (purchase and remortgage) | Tier one | £1.5m – £2m | 5.90% |
| Multi-generation | Tier two | £200k – £2m | 6.25% |
| Multi-generation – no fee (purchase) | Tier two | £200k – £1.5m | 6.48% |
| Multi-generation – no fee (purchase and remortgage) | Tier two | £1.5m – £2m | 6.40% |
Please contact your Specialist Business Development Manager on 01858 412345 to find out more.
Criteria
Our criteria and examples of the case types we consider are shown below.
| Tier one | Tier two | |
|---|---|---|
| Minimum age 18 |  | |
| Maximum age 85 | | |
| Maximum of four applicants | | |
| First time buyers | | |
| Joint borrower / sole ownership | | |
| Foreign income sources | |
Our criteria and examples of the case types we consider are shown below.
| Tier one | Tier two | |
|---|---|---|
| Maximum mortgage term 40 years | | |
| Day one remortgages | | |
| Capital raising for refurbishment | | |
| Capital raising for development | |
Our criteria and examples of the case types we consider are shown below.
| Tier one | Tier two | |
|---|---|---|
| Properties located in England and Wales | | |
| Properties with single self contained annexe | | |
| Various property types, including: listed buildings large acreage annexes multi-units more than one title to charge | | |
| Additional commercial activity on site | |
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!
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!
