Nottingham Building Society (NBS) and Gen H have agreed a new partnership of up to £600m to boost the prospects of home ownership for first-time buyers and remortgagers.
Under the agreement, NBS’s funding will enable Gen H to accelerate the rollout of its suite of mortgage products and widen the opportunity for home ownership.
William Rice, CEO at Gen H said: “At Gen H, we believe that owning a home should be an opportunity for everyone.
“That’s why we’re rebuilding the home-buying process to make it simple, transparent and fair.
“Our partnership with The Nottingham is a crucial step in our journey; its mutual ethos and 170-year legacy of supporting people to own their own home is a great fit with our mission.”
The agreement marks a milestone for both parties, as Gen H’s first Building Society funding partner, and The Nottingham’s first key partnership in support of its new purpose-driven strategy.
The partnership with NBS will also allow for Gen H to steadily continue its lending growth, while becoming a fixture in the mortgage market alongside high-street banks.
It currently offers the fastest processing times in the industry, with cases proceeding from application to offer 10 days faster than traditional mortgage lenders.
Sue Hayes, CEO at NBS, added: “We are delighted to partner with Generation Home. Our shared purpose and the depth of cultural alignment across our businesses provide us with a unique platform for success.
“They present a unique proposition that, with our support, can enable home ownership to become a reality, rather than a dream.
“Mutuality is the bedrock on which the Society has been run since its inception, and we are proud to be partnering with a business that shares our resolute determination to help people own their own home.
“This matters now, more than ever.”
