Market Harborough Building Society has acquired a £120 million mortgage portfolio with loans originated and managed by General H.
The portfolio is aimed at private mortgage customers, including first-time buyers and borrowers with more complex circumstances.
The company says the acquisition supports its strategy to grow into adjacent lending segments while remaining focused on responsible lending, prudent risk management and long-term mutual value.
Market Harborough Building Society CEO Iain Kirkpatrick said: “This acquisition is an important and commercially attractive step in our growth strategy. We want to grow the Society in a measured way, deploying our capital where we can achieve appropriate returns, manage risk carefully and remain true to our purpose as a mutual society.”
“This portfolio allows us to expand our lending reach, support borrowers whose needs do not always fit into standard models and build further resilience on our balance sheet.”
Graham McClelland, CEO of Gen H, added: “We are very pleased to have reached this agreement with Market Harborough Building Society. The portfolio reflects high-quality lending originating from Gen H, which benefits underserved groups of aspiring homeowners, and it is important to us that we align with industry partners who share our values. Market Harborough brings deep lending experience and a clear mutual purpose, making it a strong long-term foundation for this portfolio.”