New lender Generation Home hires ex-Virgin Money lead

Pete joins from Virgin Money, where he was head of customer value. Pete will be responsible for Generation Home’s commercial proposition and product evolution, driving growth in the lending business. Recognising the important role that brokers play in the home-buying journey, one of his main missions is to grow and cement key broker relationships.

Pete held the position of head of lending at CYBG before it merged with Virgin Money. Prior to that he spent nearly 12 years at HSBC in various senior leadership roles including UK head of mortgages.

Generation Home launched in October 2020 and offers joint borrower sole proprietor mortgages, whilst also allowing family or friends to provide deposit support by way of an interest-free loan.

Its JBSP proposition enables up to six people on the mortgage, including adding ‘income boosters’ and/or ‘deposit boosters’.

Earlier this week, Generation Home partnered with TMA Mortgage Club.

Will Rice, CEO and founder of Generation Home, said: “Pete has an outstanding track record of driving growth and success in his previous roles. His buyer-first ethos mirrors that of Generation Home, making him an incredibly exciting hire. We’re delighted to have him onboard.”

Pete Dockar added: “Generation Home is a truly innovative lender with financial inclusion at its heart. My previous experience, and conviction that home-ownership should be accessible to all who aspire to it, make this an incredible fit."