We'll never call you to tell you to move your money
Fraudsters may impersonate your bank and claim there are issues with payments or suggest moving money to another account. Hang up and call your bank using a verified number.
Never share One Time Passwords with anyone
If someone calls to ask for your One Time Password, hang up. This is a common scam used by fraudsters to steal your money.
Is that really the bank calling?
Scammers might call, claiming to be from your bank urging you to transfer money or disclose personal details. Hang up and call your bank using a verified number.
The NextGen100 Mortgage is only available on a 5 year or 10 year fixed rate mortgage
How the NextGen100 Mortgage works
The NextGen100 Mortgage combines:
This allows you to buy a home without a deposit, while the family member or friend supporting you earns interest for the fixed term.
These are separate products that work together as part of the overall arrangement. As with all of our mortgage products, our Mortgage Terms and Conditions apply. Any specific terms relating to the NextGen100 Mortgage will be set out in your mortgage offer document.
What happens at the end of the initial mortgage rate period?
At the end of the initial fixed rate period, you can select another mortgage product we’re offering at that time. This will depend on how much you still owe compared to the value of your property, and our lending rules at the time.
What happens to the savings deposit?
At the end of the 5 year fixed term, your family member’s or friend’s savings are returned, as long as the conditions below have been met:
If these conditions have not been met, the savings may be held for longer. We may also use them to repay or reduce the amount owed to us.
Important information
The savings placed in support of a NextGen100 Mortgage are held in connection with the mortgage in a secured Fixed Deposit Contract. If, at the end of the fixed term or at any later date, the required conditions have not been met, we may use the funds to repay or reduce the amount owed to us. Full details are set out in the Deposit Holder Declaration.
We recommend that borrowers and depositors seek independent legal advice.
Information on mortgage rates, other costs to consider, our mortgage guides and the steps involved in applying for a mortgage are detailed on our First Time Buyer webpage
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Call us on 08000 84 28 88, if calling from a UK landline or mobile, or +44 (0) 1624 641 888, if calling from overseas
Lines are open 9am – 5pm UK time, Monday to Friday (except Wednesday when we open at 9.30am)
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