Gen H has announced the launch of a first-time buyer bundle, combining mortgage and legal services under one roof.
The bundle, which is the first of its kind in the UK mortgage market, includes access to a premium conveyancing service provided by Gen H Legal, exclusive reduced mortgage rates on 2-, 3- and 5-year fixed rate products at loan-to-values (LTVs) up to 95%, and free valuations.
The bundle rates will be up to 0.35% lower than Gen H’s standard range, with Gen H Legal passing all its profits back to customers in the form of lower interest rates.
The bundle aims to create a housing market that is simple, transparent, and fair, and will be available to customers who apply to Gen H directly or via its panel of brokers.
The company plans to launch similar homebuying bundles throughout the year to support home movers and remortgagers.
Will Rice, co-founder and CEO of Gen H, said: “The launch of our first-time buyer bundle is a big step towards simplifying this and returning value to our customers.
“We hope that other lenders will embrace this approach and join us in driving the housing market change that consumers are crying out for.”
Pete Dockar, commercial director of Gen H, added: “The launch of the first-time buyer bundle represents another mortgage market first for Gen H.
“This exciting development means that our broker partners and customers can finally experience a new standard for conveyancing from the Gen H team they already know and trust.”
