Gen H becomes intermediary-only lender

Gen H has announced that it has become an intermediary-only lender as part of an internal restructure.

As part of the restructure, Gen H will reshape certain teams and has made a series of hires including Karen Appleton as head of lending and Claire Pratt as head of financial crime risk.

The lender has also secured additional capital from a combination of new and existing equity investors, including Legal & General. In addition, Gen H will continue its forward-flow funding arrangement with strategic partner Nottingham Building Society which commenced in late 2022.

The latest announcement follows the launch of a redesigned product switching journey for Gen H's broker partners earlier this month.

Will Rice, CEO of 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.

"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.”