Newly formed mortgage lender Generation Home has partnered with Twenty7Tec, to provide support for first-time buyers (FTBs).
As part of the agreement, Generation Home’s products will be distributed through intermediaries via the Twenty7Tec platform.
The lender offers deposit support in the form of an equity loan, and allows for family or friends to be on the mortgage deed together to assist with the income multiplier.
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Will Rice, founder and chief executive of Generation Home, said: “Independent advice is incredibly important to first-time buyers.
“As Generation Home takes its first steps towards opening up fully to intermediaries, working with Twenty7Tec will mean that more intermediaries can find, access and obtain a Generation Home mortgage for their customers.
“We know from working with intermediaries that Twenty7Tec is an invaluable tool for them to source products and therefore serve their customers better.”
Nathan Reilly, director of lender relationships at Twenty7Tec, added “Based on data available through our INSIGHT module, joint borrower, sole proprietor was the most searched piece of criteria during September.
“This clearly underlines the challenge affordability still presents for many first-time buyers and the market as a whole, so it’s encouraging to see Generation Home tackling this issue head on and working with intermediaries to help more customers take their first step onto the property ladder.”