Rates were reduced by up to 15 basis points
Fintech mortgage lender Gen H has reduced rates on all its products up to 80% loan-to-value (LTV).
The new rates, slashed by up to 15 basis points, are already live for both broker and direct customers.
Under Gen H’s standard range, rates on two-year with fee products at 60%, 70%, 75%, and 80% LTV were reduced to 4.99%, while the same products with the longer five-year term were cut to 4.59%.
For the lender’s first-time buyer bundle, rates on two-year with fee products at 60%, 70%, 75%, and 80% were reduced to 4.64%, while rates of their five-year counterparts were down to 4.45%.
Gen H, also known as Generation Home, recently introduced its first-time buyer bundle, which gets exclusive reduced mortgage rates, conveyancing with Gen H Legal, and free valuations for aspiring homeowners.
The lender also launched its affordability calculator with L&G’s SmartrFit tool earlier this week, making it easier for brokers to run affordability on Gen H products, based on the specific requirements of their clients.
“As ever, the Gen H team is continuing on its mission to create innovative solutions for aspiring buyers,” said Pete Dockar, commercial director at Generation Home (pictured).
“The launch of the first-time buyer bundle last week realises our vision of ‘homebuying all under one roof’, a seamless, simple buying experience for those buying their first homes. This, partnered with our rate reductions, demonstrates our commitment to keeping our prices fair and accessible to as many aspiring homebuyers as possible.”
Want to be regularly updated with mortgage news and features? Get exclusive interviews, breaking news, and industry events in your inbox – subscribe to our FREE daily newsletter.
