Gen H, a fintech residential mortgage lender, has strengthened its intermediary panel by teaming up with The Openwork Partnership.
This partnership marks a significant move to support first-time homebuyers, especially those who find the journey to homeownership more challenging.
Gen H stands out with its tailored affordability and deposit solutions, offering a lifeline to first-time buyers, home movers, and remortgagers aiming to climb the property ladder.
The Openwork Partnership, on the other hand, has an impressive record of assisting thousands of first-time buyers each year.
Notably, many of these buyers belong to higher loan-to-value (LTV) bands. This synergy is expected to offer immense benefits to those demographic groups who encounter hurdles in turning their homeownership dreams into reality.
With this collaboration, Openwork advisors now have the added advantage of processing applications through Gen H’s specialised platform, Gen H Pro. This integration significantly expands Gen H’s intermediary network, boasting a panel that exceeds 15,000 advisors.
Paul Shearman, proposition director, mortgages & protection at The Openwork Partnership, touched upon the challenges facing first-time buyers, especially with the discontinuation of the Government’s Help to Buy scheme and rising living costs.
He said: “Gen H’s innovative lending solutions will provide more options for our advisers and clients seeking increased affordability. A lender focusing on the intergenerational transfer of wealth will undoubtedly be welcomed by advisors who are dedicated to aiding clients and their families.”
Pete Dockar, chief commercial officer at Gen H, added: “Our alliance with The Openwork Partnership has been in the pipeline for some time. We share a mutual dedication to ensuring the best outcomes for our customers.
“We’re confident that our product range will cater to a broader spectrum of Openwork customers, especially those looking for ways to enhance their purchasing power or seeking alternative avenues to amplify their deposit.”
