Here is the latest release from Gen H (Generation Home). To view our products or for more information and tools you need to control and develop your business, visit our website here or contact the Brilliant Solutions team.
Announcement
Gen H greets 2024 with range-wide rate reductions of up to 67 bps
After it was first-to-market with 3.94% and 3.99% rates in December 2023, Gen H has launched further sweeping rate cuts across its entire product range.
All LTV bands up to and including 80% at 3- and 5-year terms are below 5%, and Gen H currently leads the market at 60% and 90% 5-year products.
These rates are available for aspiring first-time buyers, homemovers and remortgagers who come to the lender via mortgage broker. The greatest reductions are found across high-LTV products, supporting first-time buyers.
Highlights:
- 85% LTV is reduced by up to 67 bps. 2-year standard product with fee is now 5.32%,
bundle for 5.27% or a standard 5-year at 4.71%, bundle at 4.65% with £999 fee. - 90% LTV is reduced between 40 bps and 55 bps
- 95% LTV is reduced by 60 bps, with all 5-year rates at sub-5%
- All 2-year products are below 6%
- Plus Gen H is still offering its market-leading 3.94% for 60% LTV 5-year homebuying bundle products; 3.99% for 60% LTV 5-year standard products
Gen H launched to the market in 2020 with a specific focus: to help everyone become a homeowner, not just those who fit into a narrow box.
As “generation rent” continues to make headlines, the lender is doubling down on its commitment to fair pricing and innovative products that will unlock homeownership for more people.
Among these are Gen H’s income booster and ejector seat, deposit booster and dynamic ownership features.
Gen H launches new intermediary website for it’s broker partners
Thursday 4th January 2024, LONDON — Fintech mortgage lender Gen H has announced the launch of its brand new intermediaries website to support its growing panel of broker partners.
The launch of this bespoke intermediaries site is one of many ways in which Gen H is delivering on their promises to work in collaboration with broker partners, supporting them in delivering exceptional client outcomes ahead of a busy 2024.
The website includes a A-Z searchable criteria hub, slick affordability calculator, and easy access to Gen H Pro, the lender’s best-in-class case management tool.
The website is also home to all new content on their bespoke booster features, real-time service levels, BDM lookup tool and easy-to-use product guides.
This new site comes hot on the heels of another major innovation Gen H delivered for their broker partners at the end of 2023: an AI-powered packaging system that automatically helps analyse and categorise client documentation using the latest tech from Google Cloud.
Gen H is one of the first mortgage lenders in the UK to be collaborating directly with Google Cloud to streamline the application process.
These launches follow on from Gen H’s product-led innovations, including their income booster feature and another Gen H first-in-market offering, the homebuying bundle. This product bundles a Gen H mortgage with conveyancing from Gen H Legal, the lender’s independent team of solicitors focussed on providing the very best conveyancing experience for their customers.
Gen H was founded to unlock homeownership for more aspiring buyers through innovative and new technology. This mission includes streamlining the end-to-end homebuying process to make it simple, transparent and fair.