Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.

Market Harborough Building Society acquires £120m Gen H mortgage portfolio

Market Harborough Building Society has acquired a £120 million mortgage portfolio from Gen H. The portfolio consists of residential mortgage loans, including those for first-time buyers and borrowers with complex circumstances.

According to both lenders, the transaction is intended to improve access to borrowing for groups who may face barriers, such as first-time buyers, self-employed applicants, and foreign nationals. Market Harborough Building Society stated that the acquisition demonstrates its focus on supporting borrowers who require a flexible lending approach, backed by specialist understanding and pragmatic underwriting.

The deal may also serve as a foundation for a broader ongoing partnership between the two organisations, as Market Harborough Building Society continues to review opportunities that align with its strategy and risk appetite.

For letting agents and inventory clerks, the acquisition signals a potential increase in mortgage activity among first-time buyers and those with non-standard circumstances, which could impact demand for rental properties and property management services.