Over the weekend, Peter Dockar shared his (slightly punchy) thoughts in This Is Money on one reason self-employed borrowers can find it difficult to get a mortgage on the high street. 🌶️🔥 See for yourself: https://lnkd.in/errvKWkD We're here for your self-employed clients, #brokers. We require 2 years' trading but only use the latest year for affordability. Read our whole criteria: https://lnkd.in/ew4amuA7 Get in touch at [email protected] if you need support submitting a case. Let's get your self-employed clients into a home they love 🏡 For intermediary use only #genh #mortgagelending #mortgagebrokers #selfemployed #thisismoney
Gen H
Financial Services
London, England 7,755 followers
Help us build a fairer housing market.
About us
Gen H is a fintech mortgage lender on a mission to transform the housing market. We're broadening access to homeownership for aspiring first-time buyers, and support home movers and those looking to remortgage. We're simplifying the home-buying process and promoting our customers' financial wellbeing through the smarter management of their home finances. Authorised and regulated by the Financial Conduct Authority. Register number: 921355
- Website
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http://www.generationhome.com
External link for Gen H
- Industry
- Financial Services
- Company size
- 51-200 employees
- Headquarters
- London, England
- Type
- Privately Held
- Founded
- 2019
Locations
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Primary
Exmouth Market
London, England, GB
Employees at Gen H
Updates
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Thanks to everyone who stopped by our table at TMB's Annual Conference in Gloucester yesterday! Our exceptional senior broker specialist Nirma Daulagala had a lovely day chatting about the Gen H proposition with our broker partners. Let's keep in touch! If you came by yesterday, we'll follow up with you soon. If you want to get to know our proposition, reach out to [email protected] to get an invite to our next webinar. Our website: https://lnkd.in/eiEieApR For intermediary use only #mortgages #genh #TMB #mortgagebrokers
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Have you ever moved into a new rental flat and, amidst the rush and stress, forgotten to cancel a utility or communications account? 😬 It's easy to do, but forgetting to cancel an account could accidentally put you into default. 🤬 This should just be a tiny blip in the road – after all, life happens – but for many, it can be the difference between getting that mortgage offer and remaining locked out. ❌ That's why we now exclude communications and utility accounts from our arrears rules. We have also increased our threshold for communications and utility account defaults in the last 3 years from £300 to £500 combined. We hope this change will support more aspiring homeowners as they find their place on the ladder. 🏡🪜 Read the full criteria: https://lnkd.in/e3DU_y4m Learn more about us: https://lnkd.in/eiEieApR For intermediary use only #genh #mortgagelending #criteriaforreallife #mortgagebrokers
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It's been a busy week for our all star BDM Sarah Courtnage! Thanks to everyone who chatted with Sarah this week – it's great to spend time with the broker partners who are so fundamental to the impact of our mission. 💪 #genh #mortgagebrokers
This week has been a 560 mile round trip adventure! It was great to get out and about visiting brokers to talk about what cases they should be placing with us. I saw some very interesting buildings including a building held up by what looks like wooden stilts in Faversham! I also ended the week with the Quilter Financial Planning Autumn Syndicate in Peterborough If your customer has 2 or more parts to their situation that needs solving, Gen H are the lender to talk to. Here is an example of a case I discussed this week: ▶️ Foreign National ▶️90% LTV ▶️Fixed Term Contract - 3 months completed with 6 months to go but has history doing same role for 1 years in a permanant position ▶️Maximum Affordability We were able to offer £50k more than a High Street Lender. I know our pricing is not the cheapest but we will consider this case all day long. I am now off too sort out the shopping bags that have appeared under my eyes but if you want to know more about Gen H, drop me a message and we can get a meeting booked in. 🛍️ 👀 Finamply Mortgage Matters Direct Just Mortgages #brokers #mortgages #tired #lovetravelling #genh
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The wonderful Sarah Courtnage is visiting with our Quilter broker partners in Peterborough today ✨ Be sure to stop by and say hello if you haven't already – Sarah has all the Gen H info you could need (and also great chat!). Our website: https://lnkd.in/eiEieApR #genh #ukmortgages #mortgagebrokers
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Gen H reposted this
The UK mortgage market is improving following a Bank of England rate cut, with more reductions expected. Gen H CEO William Rice sees growing demand and a positive market outlook. Read more: https://hubs.la/Q02QL2cc0 #mortgagetrends #mortgageindustry
"The market outlook is unambiguously positive"
mpamag.com
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We're pleased to share three appointments to our board of directors: Maria Harris and Peter Walker as non-executive directors and Tony Ward as chair. Tony, Maria and Peter bring extensive experience in mortgage and funding markets, lending, and commercial asset management. Their support will be invaluable as Gen H continues to grow. William Rice said, "The business has moved in a very positive direction this year, and as we gear up to bring new products to market and pursue profitability, it’s more important than ever that we have the guidance of experts such as Maria, Peter and Tony. I am delighted to have their support and look forward to everything we will accomplish together." Read about Maria's and Peter's appointment: https://lnkd.in/ePJGMAhJ Read about Tony's appointment: https://lnkd.in/ebd4aekG
Gen H appoints Tony Ward as chair of the board
financialreporter.co.uk
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A recent enquiry from one of our broker partners: "Will you allow a friend to give a deposit, but not as a gift? They don't want any interest in the property, and the client will repay upon sale. Do you do that?" Why, yes. Yes we do. ✅ It's called our deposit booster, and it allows friends to lend money as interest-free or equity loans toward the deposit (up to 100%, in fact). And it's been surprisingly popular in recent months! Get your clients the deposit support they need and protect the interests of those lending a hand with a deposit booster. Learn more: https://lnkd.in/ejq8e5N3 For intermediary use only #depositbooster #incomebooster #genh #ukmortgages #mortgagelending #firsttimebuyers
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More and more clients are starting up side hustles or relying on other income to complement their 9 to 5s. When faced with complex income, which lender do you think of first? (Spoiler: it should be Gen H!) A few highlights – 💼 Self-employed: we require 2 years' trading but take latest year for affordability. 🤝 Second jobs: we take 100% of income up to 60 hours per week, and lowest paid job would be considered overtime and taken at 75% for anything over. ⭐️ Benefits: we take up to 100% of benefits excluding housing benefit as long as this makes up less than 50% of the income required to support the loan. 💰 Bonus: we take bonus income at 50% as long as this makes up less than 50% of the income required to support the loan. 🏡 Max age: we lend up to 75 for solo applicants and up to the eldest applicant's 85th birthday where there's more than one borrower. More and more of our customers are benefitting from these criteria points to finally get a mortgage that works for them. Are you up to date on all their options? Criteria questions: https://lnkd.in/e-B77W9F Learn more about income booster: https://lnkd.in/eMM6iJRZ For intermediary use only #genh #complexincome #selfemployedmortgages #mortgagebrokers #ukmortgages