Fintech lender, Gen H, has been added to the lender panel of mortgage, protection and compliance services proposition, Paradigm.
Member firms of Paradigm can now access Gen H’s residential mortgage range, which is designed to support borrowers potentially struggling to meet high-street lender affordability criteria.
Founded in 2019, Gen H has a technology-led approach to lending and prioritises fair prices, flexible criteria and its customer service. The lender offers mortgages to first-time buyers, home movers and those looking to remortgage and has a number of distinct criteria.
This includes its “income booster” criteria, which means up to six incomes can be included in one application – for example, a parents’ income can be put on the mortgage – as well as a “deposit booster”, which means up to 100% of the deposit can be contributed as a gift, interest-free or equity loan.
Gen H currently offers a range of products up to 95% loan-to-value (LTV) with two, three and five-year terms.
“We're delighted to be launching with Paradigm to bring Gen H products to even more aspiring buyers across England and Wales,” said commercial director at Gen H, Peter Dockar.
“At a time when affordability is fraught for so many, we’re always looking for driven partners as we work to help everyone become a homeowner. Paradigm will be an integral part of that process.”
Director of mortgages at Paradigm, Richard Howes, added: “We’re all acutely aware that affordability remains one of the biggest obstacles for many would-be and existing borrowers, given the shift in the rate environment over the last six months.
“This is why it is so important we have innovative and forward-thinking lenders such as Gen H offering a range of unique features and criteria to help borrowers get over these potential barriers.
“We’re therefore very pleased to be adding Gen H to our lender panel today, and we believe Paradigm member firms will find much to interest them and their clients, plus an intermediary-friendly and focused lender that is there to support them.”
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