Legal & General Mortgage Club has announced the addition of Generation Home to its lender panel.
The move to add Generation Home, a new fintech mortgage lender, will give L&G Mortgage Club’s network of advisers access to a wider range of mortgage products suitable for clients looking to take their first steps onto the property ladder.
Generation Home launched in October 2020 with a range of flexible products that can provide family support to borrowers.
CEO at Generation Home, William Rice, said that homeownership has moved “out of reach” for millions of young people, denying them the financial security that previous generations have taken for granted.
“Through our products, not only are we providing better ways for families to lend a hand but also making it possible for millions to do this where they couldn’t before,” Rice commented. “We believe that the mortgage advice community will play a critical role in educating future Generation Home customers about the benefits of our proposition.”
L&G Mortgage Club head of lender relationships, Danny Belton, added: “We know that because house prices significantly outstrip average earnings, those wanting to step onto the property ladder need innovative mortgage options that help to reduce the barriers to owning a home.
“Generation Home’s proposition is therefore well-timed and likely to support many people to press ahead with their dreams of owning a home of their own.”
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