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First Active joins Genesis Direct lending panel

Genesis Home Loans has become one of the first firms to appoint First Active to its lender panel for its direct submission service, Genesis Direct.

This means First Active will offer its products to intermediaries via Genesis&#39 direct submission route.

The Royal Bank of Scotland-owned brand is launching with two low rate mortgages: a two-year discount and a five-year stepped mortgage. Genesis says it will be paying a high rate of proc fees for both products at 0.38%.

Louis Kaszczak, national partnership manager at First Active, says: “Available exclusively to intermediaries, First Active believes the combination of its products and no unnecessary paperwork will appeal.”

John Lee, head of sales and marketing for Genesis Home Loans, says: “The addition of First Active to Genesis Direct boosts its already comprehensive panel. Offering good products and competitive proc fees, Genesis has one of the best packages around.”

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