I certainly agree. But its worth noting that only 92 of the 825 seats in the Lords are reserved for hereditary peers - the remainder are nominated by the (elected) leaders of the main political parties, or are appointed for non-political achievements (science, society, business, arts, etc.) There are also 26 Church of England bishops. Legislation to remove the hereditary peers is currently going through parliament.
There's plenty wrong with the HoL, but I think there's at least an argument to be made that the UK benefits from a parliamentary revising chamber that is less party-political than the Commons.
https://en.wikipedia.org/wiki/Seventeenth_Amendment_to_the_U...
However, I have many criticisms of the continuing undemocratic nature U.S. Senate (I think it should be dissolved entirely), but that reform was a good step.
It's true that the upper house will be less party political, but that is because everyone inside is very comfy with each other and aligned on policy that favors the wealthy.
Making it life appointments only makes things much worse. It is not possible to be depoliticized in a polarized environment; look at what happened to the US supreme Court, or the Polish one.
The idea of a House of Lords does strike me as a bit odd, but it's not really the big deal it used to be.