Fintech mortgage lender to become intermediary-only lender


It said that it would “reshape certain teams to focus their efforts on delivering excellence in end-to-end service” alongside Gen H Legal

Fintech mortgage lender Gen H will pivot to become solely an intermediary-only lender as part of an “internal restructure”.

The company said that the restructuring would “forge deeper partnerships across the industry”. The firm presently has more than 16,000 brokers on its panel.

It said that it would “reshape certain teams to focus their efforts on delivering excellence in end-to-end service” alongside Gen H Legal.

The company said that the hires of Karen Appleton as head of lending and Claire Pratt as head of financial crime risk would help “sharpen its propositions and continue its mission to provide solutions for the growing number of people locked out of homeownership”.

The additional capital required by the company has been successfully obtained from both new and existing lenders, such as Legal and General (L&G). Furthermore, the company will maintain its forward-flow arrangement with Nottingham Building Society.

The company was founded in 2019 and offers “income booster”, “deposit booster” and “dynamic ownership” products that look to get more people onto the property lender.

It is worth noting that Gen H deals can be accessed through various channels, including L&G Mortgage Club, Primis, TMA Club, The Openwork Partnership, and Simplybiz Mortgages.

Will Rice, Chief Executive Officer at Gen H, said: Making homeownership accessible to all has never been a solo endeavour for us; we rely on the talent and commitment of our intermediary panel to help us help aspiring homeowners.

Rice added: The team and I are looking forward to a year focused on strengthening our relationships with our broker partners, delivering innovative new products to market, and working together to build the fairer housing market that we all deserve.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of Getting Money Wise. The information provided on Getting Money Wise is intended for informational purposes only. Getting Money Wise is not liable for any financial losses incurred. Conduct your own research by contacting financial experts before making any investment decisions.

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