Gen H launches game-changing first-time buyer bundle that gives value back to homebuyers
In a mortgage market first, Gen H announced the launch of a new product range that offers first-time buyers a seamless homebuying experience combining mortgage and legal services under one roof. From tomorrow, customers could save thousands of pounds on their mortgage as Gen H makes this premium service available with exclusive lower interest rates.
Gen H’s first-time buyer bundle includes:
- Access to a premium conveyancing service provided by Gen H Legal
- Exclusive reduced mortgage rates on 2-, 3- and 5-year fixed rate products at loan-to-values up to 95%
- Free valuations
Gen H Legal will pass all its profits back to the customer in the form of lower interest rates. These first-time buyer bundle rates will be as much as 0.35% lower than Gen H’s standard range, meaning the average first-time buyer could save thousands in interest on their mortgage.
The first-time buyer bundle is the first of its kind for the UK mortgage market and reflects Gen H’s mission to create a housing market that is simple, transparent and fair. The company plans to launch similar homebuying bundles through this year to support home movers and remortgagers. Further innovative services will be added to these bundles wherever opportunities are identified to save money for customers and improve their homebuying experience.
The first-time buyer bundle is available from 15 March 2023 to customers who apply to Gen H directly, as well as to the 11,000+ brokers on the Gen H panel. It will enhance the already exceptional service levels offered by Gen H, which achieved an application-to-offer time in February of just 2 business days.
Will Rice, co-founder and CEO of Gen H, said:
“The UK housing market is not fit-for-purpose. Consumers have to navigate a minefield of different service providers to achieve their homeownership goals and the process is loaded with complexity and unnecessary cost. The launch of our first-time buyer bundle is a big step towards simplifying this and returning value to our customers. We hope that other lenders will embrace this approach and join us in driving the housing market change that consumers are crying out for.”
Pete Dockar, Commercial Director of Gen H, said:
“The launch of the first-time buyer bundle represents another mortgage market first for Gen H. This exciting development means that our broker partners and customers can finally experience a new standard for conveyancing from the Gen H team they already know and trust.”
Will Rice and Pete Dockar are available for interviews or further comment on this topic.
Gen H is a fintech mortgage lender founded in 2019 with the goal of helping everyone become a homeowner. Gen H takes a customer-first, tech-led approach to lending, prioritising fair prices, flexible criteria and exceptional customer service for a seamless and supportive borrowing experience. Products are available online and through select clubs and networks such as the Legal & General Mortgage Club, PRIMIS, TMA Club, and Simply Biz.
Gen H is authorised and regulated by the Financial Conduct Authority. Our Financial Services Register number is 921355.
Gen H Legal is the conveyancing arm of Gen H. Gen H Legal takes as its ethos an uncompromising commitment to customer experience and transparency for a supportive, stress-free conveyancing process. Gen H Legal is available to customers of Gen H and clients of brokers on Gen H’s intermediary panel.
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