Gen H and Nottingham Building Society have extended their multi-year forward-flow funding partnership, which first began in 2022.
The agreement has allowed Gen H to meet demand for its mortgage products, using funding and support from Nottingham Building Society, which has been operating for 175 years.
The extension follows what both firms called a strong alignment of purpose and values.
Gen H has increased its funding capacity and market presence through the partnership, while brokers and customers have had more choice in the market.
Additionally, the partnership has helped create around 5,000 new homeowners, with about £1bn of forward-flow funding used since 2022.
Graham McClelland, CEO at Gen H, said: “A partnership between a building society – known for its credibility and heritage – with a customer-obsessed start-up such as Gen H may not have been an obvious choice.
“But as we mark the extension of this relationship, it’s clear just how successful and mutually beneficial it has been.
“We’ve learned a great deal from one another: we’ve helped NBS embrace more agile ways of working, and they’ve supported us in enhancing our governance and decision-making.”
McClelland added: “I’m delighted to continue this collaboration and look forward to what we’ll achieve together in the years ahead.”
Sue Hayes, CEO at Nottingham Building Society, said: “Our partnership with Gen H has been one of deep alignment, not just in our shared ambition to make homeownership more accessible, but in how we’ve worked together to achieve it.
“Since 2022, this collaboration has helped thousands of people take their first or next step onto the property ladder, combining Gen H’s customer-led innovation with the trust and stability of our 175-year legacy.
“As a mutual, we exist to support our members and their communities, and in Gen H, we’ve found a partner that shares our belief in doing business differently, with purpose.”
Hayes added: “We’re proud to extend this partnership and look forward to building on its impact in the years to come.”
