Compare Mortgage Rates from Gen H Against the Market

Gen H (short for Generation Home) is a modern, technology-driven mortgage lender with a clear mission: to help more people, particularly first-time buyers, get onto the property ladder with the help of their family and friends. They have created innovative products to solve the two biggest challenges for new buyers: saving a deposit and affording the loan.

Important Note: Gen H is an intermediary-only lender. You can only access their mortgages through a qualified mortgage broker.

You can use our free rate comparison tool to view the current rates at Gen H and compare them with other lender rates below. As a whole of market brokers, at Mortgage Helpdesk we can also approach Gen H on your behalf, should you choose them. Simply click ‘enquire now’ on your chosen deal to discuss its suitability for your needs with an experienced mortgage adviser.

Who are Gen H?

Gen H are a UK-based lender that has combined a slick technology platform with flexible products that allow family and friends to help aspiring homeowners in a way that suits everyone.

Their entire model is built on the idea that it "takes a village" to buy a home today. Instead of the rigid rules that most traditional banks enforce, Gen H offers flexible ways for families to contribute.

What are they known for?

Gen H have become synonymous with first-time buyers who cannot meet the deposit or affordability requirements for the size of loan they need to buy a suitable home. Their niche product range is aimed at overcoming these barriers:

• The Income Booster - is their version of a Joint Borrower, Sole Proprietor mortgage. It allows parents or other family members to add their income to the mortgage application. While this can dramatically increase the amount you can borrow, the non-applicant will not be added to the property deeds, avoiding the complexities of co-ownership and potential stamp duty surcharges.
• The Deposit Booster - allows family or friends to offer:

1. 1. A gifted deposit

   2. An Equity Loan - a unique feature to Gen H, this allows the person helping to protect their deposit contribution as a private equity loan. This means when the property is sold, they get their money back, plus a share of any increase in the property's value

Pros and Cons of a Gen H Mortgage

Pros

• Innovative Solutions: Their Income and Deposit Booster features are powerful tools that solve real-world problems for first-time buyers

• Protects Family Contributions: The equity loan option for deposit helpers is a unique feature that provides security for the person providing the funds

• Tech-Driven Process: Their modern platform aims to make the application process smoother and more transparent for brokers and customers

• Increases Borrowing Power: The Income Booster is one of the most effective ways for a buyer to borrow the amount they truly need

Cons

• Broker-Only Access: You cannot apply directly and must use a mortgage adviser

• Complex Products: The agreements can be more complex than a standard mortgage and require all parties to be fully aware of their roles and risks

• Newer Lender: As a more recent entrant to the market, they don't have the long-standing track record of a major building society

How to apply

You cannot apply directly to Gen H. The only way to access their mortgage products is through a registered mortgage intermediary (a broker) like us. If you would like us to submit an application on your behalf, either to Gen H or any other lender across the entire market, get started today with one of our knowledgeable brokers.