Gen H added to Paradigm lender panel

Paradigm, the mortgage, protection and compliance services proposition, has today added fintech lender, Gen H, to its lender panel.

From today, Paradigm member firms will have access to Gen H’s range of residential mortgage products, specifically designed to support those borrowers who are potentially struggling to meet current high-street lender affordability criteria.

Founded in 2019, Gen H has a customer-first, technology-led approach to lending and prioritises fair prices, flexible criteria and exceptional customer service to deliver a seamless and supportive borrowing experience.

The lender offers mortgages to first-time buyers, home movers and those looking to remortgage and has a number of distinct criteria, including:

  • Income booster – up to six incomes can be included in one application, for example, a parents’ income can be put on the mortgage.
  • Ejector seat – mortgage terms are not limited by a booster’s maximum age.
  • Deposit booster – up to 100% of the deposit can be contributed as a gift, interest-free or equity loan.

Gen H currently offers a range of products up to 95% LTV with two-, three-and five-year terms.

Gen H recently launched its own conveyancing service, Gen H Legal, to provide a seamless, and premium end-to-end buying experience for borrowers.

Richard Howes, Director of Mortgages at Paradigm, commented: “We’re all acutely aware that affordability remains one of the biggest obstacles for many would-be and existing borrowers, given the shift in the rate environment over the last six months. This is why it is so important we have innovative and forward-thinking lenders such as Gen H offering a range of unique features and criteria to help borrowers get over these potential barriers. We’re therefore very pleased to be adding Gen H to our lender panel today, and we believe Paradigm member firms will find much to interest them and their clients, plus an intermediary-friendly and focused lender that is there to support them.”

Peter Dockar, Commercial Director at Gen H, said: “We’re delighted to be launching with Paradigm to bring Gen H products to even more aspiring buyers across England and Wales. At a time when affordability is fraught for so many, we’re always looking for driven partners as we work to help everyone become a homeowner. Paradigm will be an integral part of that process.”