Starting the journey towards owning a home is a milestone achievement, but the reality of coming up with a deposit can be quite daunting. Boost offers a helping hand to young adults in the UK looking to make their first home purchase, ensuring that owning a home is no longer just a distant dream.
Boost comes in as a co-investor, aiding first-time buyers to meet the deposit requirements. We know how expensive it is to buy a home, and young adults are often unable to put together the full down payment. Hence, Boost doubles the amount of savings they already have by providing them with another 10% deposit, so they have a considerable deposit to meet the mortgage costs of the home they want.
Assisting Young Adults to Meet Deposit Needs
The prospect of homeownership in the UK is becoming increasingly challenging for young adults because getting together the deposit required for a new home is no easy task. Boost is filling the gap, helping bridge the deposit gap for those who might be struggling to save up for a new home, even with the Help to Buy ISA and Lifetime ISA.
Boost is an excellent platform to help young adults reach their goal of homeownership faster. The application process is straightforward, and it can be completed online by providing basic information such as income, savings, and the property being purchased. The decision-making process is based on affordability, and, if approved, the homeowner gets the extra deposit they need to support their first purchase.
How Boost Works
Boost aims to make homebuying less daunting for young adults. After all, buying a home is a once in a lifetime investment. Boost doubles the amount you save as a deposit, making it easier for young adults to buy a home. We work with first-time buyers to co-invest in their purchase. We are more than just a loan, we co-own your property. There are no extra fees to worry about until you sell your home, but when you do, we share the profit.
Boost benefits homeowners in various ways; for example, homeowners can use our funds to pay off other existing debt or make renovation improvements to their homes, which can add to the value long-term.
Final Thoughts
Boost’s mission is grounded in the desire to empower young adults to become homeowners, and we are confident we can make a difference. With the support of prestigious investors such as Santander and our participation in the Launch Lab accelerator programme, we aim to continue helping young adults turn their homeownership dreams into reality.
Website: https://boostyourdeposit.co.uk
Twitter: https://twitter.com/BOOST_YD
Facebook: https://www.facebook.com/boostyourdeposit
LinkedIn: https://www.linkedin.com/company/boost-your-deposit
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