Gen H announced the launch of a new product range that offers first-time buyers a combination of mortgage and legal services in one.
It claims that from tomorrow (15 March 2023), customers could save thousands of pounds on their mortgage as Gen H makes this premium service available with exclusive lower interest rates.
The first-time buyer bundle includes access to a premium conveyancing service provided by Gen H Legal and exclusive reduced mortgage rates on two, three and five-year fixed rate products at loan-to-values up to 95%.
It also includes free valuations.
Gen H Legal will pass all its profits back to the customer in the form of lower interest rates. These first-time buyer bundle rates will be as much as 0.35% lower than Gen H’s standard range, meaning the average first-time buyer could save thousands in interest on their mortgage, the company claims.
It plans to launch similar homebuying bundles through this year to support home movers and remortgagers.
The first-time buyer bundle is available from 15 March 2023 to customers who apply to Gen H directly, as well as to the 11,000+ brokers on the Gen H panel.
Will Rice, co-founder and CEO of Gen H, said: “The UK housing market is not fit-for-purpose. Consumers have to navigate a minefield of different service providers to achieve their homeownership goals and the process is loaded with complexity and unnecessary cost. 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.”
