Brilliant Solutions

Gen H – Generation Home

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 introduces sub-5% rates across all 5-year products below 80% LTV

LONDON, 12 Dec 2023 –– Gen H has announced another round of rate reductions ahead of the festive break, cutting their entire product range by up to 25 bps.

The new rates are already live for both broker and direct customers, with reductions across both the lender’s standard and homebuying bundle range. These rates are also available for remortgaging customers.

Highlights from the latest round of rate cuts:
  • All homebuying bundle and standard 5-year rates up to 80% LTV are sub-5%
  • 60%, 70%, and 75% LTV rates reduced by up to 20 bps
  • 80% LTV reduced by up to 25 bps

This is the lender’s 6th round of reductions in Q4, reflecting Gen H’s commitment to offering the lowest rates they can.

Gen H has had a busy year, expanding their intermediary panel to over 15,000 brokers and rolling out innovative new tools and features to benefit aspiring homeowners.

For brokers, the lender recently rolled out automated packaging with Google Cloud, which uses AI to categorise and analyse documents for brokers, making the mortgage application process simpler and faster than ever.

For clients, Gen H recently incorporated Experian Score Boost data into their credit decisioning, helping aspiring homeowners who fall just below the credit threshold or have a thin credit file to finally get a mortgage.

Meanwhile, Gen H’s proprietary income booster feature continues to help aspiring buyers realise their dreams of homeownership. Income boosters are liable for the mortgage and undergo the same checks as owners, but don’t need to contribute a penny to the payments as long as the mortgage is in good standing. This unlocks family support for those without access to a lump sum of cash. 

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