New Build Boost
Saved a 5% deposit? You could get a 15% interest-free boost* with this new mortgage scheme from Gen H, supported by Persimmon.
New Build Boost is a mortgage with an interest-free boost! With just a 5% deposit, Gen H could provide an additional 15% interest-free equity loan to help get you moving into your very own Persimmon home*.
Gen H’s New Build Boost fills the gap left by the ending of the Government-backed Help to Buy scheme, giving you access to an 80% LTV mortgage.
How it works
Say you want to buy a Persimmon home that costs £250,000, and you’ve saved a deposit of £12,500 (5%).
If New Build Boost is available on this home, Gen H could provide a standard mortgage* of up to 80% (£200,000). The remaining 15% will be made up by an interest-free boost (equity loan), also from Gen H.
As the 15% loan is interest-free for the lifetime of the loan, it will boost your affordability and potentially increase the amount that you can borrow from Gen H, helping you to buy your dream home.
What happens after 5 years?
The value of the boost is fixed for the first 5 years of your mortgage.
If you choose to keep the boost beyond the 5-year mark, the balance will jump up or down to reflect any change in your property’s value since you bought it. Then it’ll continue to go up or down as the property value changes over time.
Or, you can pay it back and switch to a standard mortgage product.
What do I do next?
Take a look at developments in your chosen area to find out whether the scheme is available.
If it is, get in touch with our friendly sales advisors at that development by calling the contact number.
They’ll be able to arrange an appointment and determine whether you could use New Build Boost to get you moving.
Take a look at the Persimmon developments where New Build Boost is available
- View DevelopmentAbbot WalkChatterisFrom £232,000
- View DevelopmentAbbotsham ParkBidefordFrom £199,995
- View DevelopmentAgusta ParkYeovilFrom £255,000
- View DevelopmentAppleyard ParkFleckneyFrom £285,000
- View DevelopmentBackbridge FarmMalmesburyFrom £289,995
- View DevelopmentBeamhill HeightsBurton-upon-TrentFrom £214,995
- View DevelopmentBeaufort ParkCity of BristolFrom £295,000
- View DevelopmentBirchwood ManorGatesheadFrom £147,996
- View DevelopmentBluebell GrangeRichmondFrom £150,000
- View DevelopmentBluebell WalkGreater ManchesterFrom £262,995
- View DevelopmentBootham CrescentYorkFrom £376,000
- View DevelopmentBoyton PlaceHaverhillFrom £260,000
- View DevelopmentBramble RiseHoughton le Spring
- View DevelopmentBrampton ValeRotherhamFrom £179,950
- View DevelopmentBrindle ParkPrestonFrom £188,000
- View DevelopmentBrookwood ChaseLancashireFrom £212,000
- View DevelopmentCastle ViewNethertonFrom £224,950
- View DevelopmentCastle WalkChesterfieldFrom £182,000
- View DevelopmentCastleton GrangeSuffolkFrom £260,000
- View DevelopmentCherry Tree GardensTelfordFrom £207,500
- View DevelopmentCherrywood GrangeExeterFrom £264,995
- View DevelopmentCoatham ValeDarlingtonFrom £299,950
- View DevelopmentCoseley New VillageDudleyFrom £254,995
- View DevelopmentCygnet GrangeSouthamptonFrom £345,000
- View DevelopmentDaisy's ViewBurbageFrom £244,995
- View DevelopmentEaton PlaceNuneatonFrom £314,995
- View DevelopmentElm RiseTyne and WearFrom £219,995
- View DevelopmentFallow ParkWallsendFrom £259,950
- View DevelopmentFarleigh FieldsCity of Bristol
- View DevelopmentFoxfieldsStoke-on-TrentFrom £225,000
- View DevelopmentGalileoExeterFrom £259,995
- View DevelopmentGarendon ParkLoughboroughFrom £228,995
- View DevelopmentGermany BeckFulfordFrom £285,000
- View DevelopmentGrange PaddocksColchesterFrom £375,000
- View DevelopmentGreatham MeadowHartlepoolFrom £229,950
- View DevelopmentGreetwell FieldsLincolnFrom £205,000
- View DevelopmentHadley GateTelfordFrom £215,000
- View DevelopmentHampton GreenPeterboroughFrom £327,000
- View DevelopmentHampton ParkLittlehamptonFrom £360,000
- View DevelopmentHampton WoodsPeterboroughFrom £220,000
- View DevelopmentHarebell MeadowsStockton-on-TeesFrom £184,950
- View DevelopmentHartley GrangeWhittleseyFrom £240,000
- View DevelopmentHauxley GrangeAmbleFrom £279,950
- View DevelopmentHauxley ViewAmbleFrom £158,165
- View DevelopmentHerrington GrangeHoughton le SpringFrom £189,995
- View DevelopmentHighfield GardensWiltshire
- View DevelopmentHillfield MeadowsSunderlandFrom £214,995
- View DevelopmentHoldingham GrangeLincolnshireFrom £125,000
- View DevelopmentHonours MeadowRendleshamFrom £140,000
- View DevelopmentJubilee RiseShepshedFrom £314,995
- View DevelopmentKings GateNorthallertonFrom £234,950
- View DevelopmentKings MeadowNewton AbbotFrom £250,000
- View DevelopmentKingsbrookNorthallertonFrom £209,950
- View DevelopmentLakedale at Whiteley MeadowsWhiteleyFrom £350,000
- View DevelopmentLanesideLeedsFrom £279,950
- View DevelopmentLavender FieldsKing's LynnFrom £230,000
- View DevelopmentLiberty GateSuffolkFrom £229,995
- View DevelopmentManor GardensSelseyFrom £295,000
- View DevelopmentMarine PointHartlepoolFrom £122,500
- View DevelopmentMeon Way GardensStratford-upon-AvonFrom £160,000
- View DevelopmentMill CrossEast SussexFrom £355,000
- View DevelopmentMontgomery PlaceFrome
- View DevelopmentMoorfield ParkPoulton-le-FyldeFrom £115,000
- View DevelopmentMown MeadowsCrookFrom £199,995
- View DevelopmentMulberry ParkCaister-on-SeaFrom £280,000
- View DevelopmentNorton Hall MeadowCannockFrom £275,000
- View DevelopmentNutwell GrangeDoncasterFrom £182,000
- View DevelopmentOak Hill RiseChippenhamFrom £299,995
- View DevelopmentOakcroft ChaseStubbingtonFrom £315,000
- View DevelopmentOrchard MeadowsSittingbourneFrom £335,000
- View DevelopmentOrchid Gardens at Ladgate WoodsMiddlesbroughFrom £139,960
- View DevelopmentOtterham ParkRainhamFrom £405,000
- View DevelopmentPedlars MeadowSwaffham
- View DevelopmentPersimmon @ Fiddington FieldsTewkesburyFrom £309,000
- View DevelopmentPersimmon @ Haywood VillageWeston-super-MareFrom £250,000
- View DevelopmentPersimmon @ Jubilee GardensWarminsterFrom £259,995
- View DevelopmentPersimmon @ Valley ParkDidcotFrom £245,995
- View DevelopmentPersimmon @ Wellington GateWantageFrom £286,995
- View DevelopmentPersimmon at Aylesham VillageAyleshamFrom £197,500
- View DevelopmentPinewood GrangeCastlefordFrom £275,950
- View DevelopmentRainton GardensHoughton le SpringFrom £209,995
- View DevelopmentRegency GrangeMansfieldFrom £245,000
- View DevelopmentRegency MeadowsGrimsbyFrom £157,000
- View DevelopmentRiver WalkWirral
- View DevelopmentSaddleback ViewPenrithFrom £240,000
- View DevelopmentSaffron GardensMiddlesbroughFrom £159,950
- View DevelopmentSaltram MeadowPlymouthFrom £170,000
- View DevelopmentSaxon GrangeShaftesburyFrom £262,500
- View DevelopmentScarlett MewsTiptreeFrom £405,000
- View DevelopmentSolway ViewWorkingtonFrom £137,000
- View DevelopmentSonnet ParkStratford-upon-AvonFrom £285,000
- View DevelopmentSpring MeadowsDarwenFrom £230,000
- View DevelopmentSpringfield Meadows at Glan LlynNewportFrom £299,995
- View DevelopmentSt John's GrangeLichfieldFrom £280,000
- View DevelopmentSt Michael's PlaceColchesterFrom £305,000
- View DevelopmentSt Michaels WaySunderlandFrom £157,496
- View DevelopmentStaynor HallSelbyFrom £225,000
- View DevelopmentStortford FieldsBishop's StortfordFrom £439,995
- View DevelopmentSummerhill ParkMaghullFrom £202,995
- View DevelopmentSwan ParkDawlishFrom £289,995
- View DevelopmentThe FairwaysCramlingtonFrom £144,165
- View DevelopmentThe MaplesNewcastle upon TyneFrom £229,950
- View DevelopmentThe MaplesBraintreeFrom £335,000
- View DevelopmentThe MaplesWorcestershireFrom £299,995
- View DevelopmentThe MaplesSpaldingFrom £123,500
- View DevelopmentThe ViewRedditchFrom £355,000
- View DevelopmentThe WillowsNorfolkFrom £225,000
- View DevelopmentThickthorn GardensKenilworthFrom £387,000
- View DevelopmentThonock GreenGainsboroughFrom £170,000
- View DevelopmentTrehenlis GardensHelstonFrom £295,000
- View DevelopmentTrelawny PlaceFelixstoweFrom £275,000
- View DevelopmentTrevithick Manor ParkNewquayFrom £241,500
- View DevelopmentTrinity FieldsClacton-on-SeaFrom £260,000
- View DevelopmentTrinity PasturesHullFrom £175,000
- View DevelopmentWoodhorn MeadowsAshingtonFrom £168,950
- View DevelopmentWykham ParkBanburyFrom £380,000
Why choose New Build Boost by Gen H?
Gen H is a mission-driven mortgage lender that understands the challenges of affordability that many aspiring homeowners face.
That’s why they created New Build Boost – to help purchasers buy a house they might not have been able to afford, sooner than they might have thought!
FAQs
What is New Build Boost?
New Build Boost is a typical 80% LTV mortgage with a 15% deposit boost in the form of an equity loan. It’s provided by the company Gen H, and supported by Persimmon.
Who is eligible?
There are no extra eligibility criteria beyond the standard rules to qualify for a Gen H mortgage – simply put, New Build Boost is for buyers who need it. If you’d like to find out more about New Build Boost, speak to an independent financial advisor.
Can I use the scheme if I have a deposit bigger than 5%?
Yes, you will need a minimum deposit of 5% to use the scheme. The interest-free boost is fixed at 15% and the mortgage makes up the rest, so a maximum of 80%. There is no interest rate advantage of having a larger deposit, but you will have a smaller mortgage so your monthly payments will be lower.
Can New Build Boost help me buy my home?
Yes, subject to availability. If there’s a Persimmon home you love but you don’t have the standard 10% deposit that’s usually required and you qualify for a Gen H mortgage, you might be able to use New Build Boost to purchase that home.
Is the scheme available on all Persimmon homes?
New Build Boost is available on a limited number of plots at select developments. Check the list above to see if there’s a development near you where the scheme is available, or speak to the sales team at your development of interest.
*Subject to your mortgage application being accepted. Available only on new builds at selected developments.
T&Cs
New Build Boost is available on a limited number of plots at select developments.
New Build Boost is an equity loan, you may pay back more than you borrowed. Specific mortgage rates apply, speak to a mortgage advisor.
Eligibility is at Persimmon's discretion, is subject to receiving regulated advice from an approved mortgage broker and is ultimately subject to lender terms and conditions.
If you stop paying your mortgage, you could lose your home.
This promotion is approved by Imagine Mortgages Limited, t/a Gen H
Imagine Mortgages Limited, Trading as Generation Home and Gen H, is a company registered in England and Wales under number 11465987.
Imagine Mortgages Limited are authorised and regulated by the Financial Conduct Authority. Reference number: 921355. Address: 1 Old Street Yard, London EC1Y 8AF.
