Extension follows £1 billion forward-flow investment
Gen H and Nottingham Building Society have announced an extension of their existing forward-flow funding agreement, which has supported the growth of Gen H’s mortgage portfolio since the collaboration began in 2022.
The renewed partnership maintains the alignment between the fintech lender and the 175-year-old building society. Gen H, a technology-driven mortgage provider, has benefited from the mutual’s long-standing reputation and funding stability, allowing it to expand its reach in the UK housing market.
According to the two organisations, the relationship has already facilitated around £1 billion in mortgage funding, supporting approximately 5,000 new homeowners. Many of these customers accessed Gen H’s suite of alternative mortgage products aimed at improving affordability and accessibility for first-time buyers.
“A partnership between a building society – known for its credibility and heritage – with a customer-obsessed start-up such as Gen H may not have been an obvious choice,” said Graham McClelland (pictured left), chief executive at Gen H. “But as we mark the extension of this relationship, it’s clear just how successful and mutually beneficial it has been.
“We’ve learned a great deal from one another: we’ve helped Nottingham embrace more agile ways of working, and they’ve supported us in enhancing our governance and decision-making. I’m delighted to continue this collaboration and look forward to what we’ll achieve together in the years ahead.”
Sue Hayes (pictured right), chief executive at Nottingham Building Society, echoed McClelland’s sentiments. “Our partnership with Gen H has been one of deep alignment, not just in our shared ambition to make homeownership more accessible, but in how we’ve worked together to achieve it,” she said.
“Since 2022, this collaboration has helped thousands of people take their first or next step onto the property ladder, combining Gen H’s customer-led innovation with the trust and stability of our 175-year legacy. As a mutual, we exist to support our members and their communities, and in Gen H, we’ve found a partner that shares our belief in doing business differently, with purpose. We’re proud to extend this partnership and look forward to building on its impact in the years to come.”
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