Gen H has announced the launch of its new affordability calculator.
The calculator includes a series of new features designed to streamline the affordability calculation process and help brokers find products that suit their clients.
This launch follows the lender’s new criteria centre, also redesigned from the ground up.
This calculator was built through a collaborative feedback process with the lender’s brokers, including Gen H Club members, who have had exclusive access over the last two weeks. The lender incorporated critical functionality requests like more nuanced loan sizing and the ability to view applicable products within the calculator itself.
Gen H’s panel expanded in May to more than 12,000 brokers in England and Wales.
Pete Dockar, Gen H’s chief commercial officer, said: “We’re using technology to build a fairer housing market – both with innovative affordability features for our customers and really sleek, usable tools for our brokers. So many of the systems used by other lenders are relics of decades passed, and it makes an adviser’s job much harder.
“We are creating a more streamlined and frankly pleasant process for our intermediary panel because when systems are thoughtfully designed, everyone benefits – from our broker partners to their clients and our own wonderful Gen H team.”