It also introduces a 95% LTV five-year product
Fintech mortgage lender Gen H has announced its latest series of rate reductions, specifically aimed at individuals with smaller deposits, such as first-time buyers.
Across its product range, rates for two-, three-, and five-year mortgage products have been reduced by up to 11 basis points.
The lender has also introduced a 95% loan-to-value (LTV) five-year mortgage product, which includes a fee, offered at 4.94% within its standard range and 4.88% within its homebuying bundle range.
“We’re thrilled to have made these reductions to make sure our broker partners have the best options available for their clients,” Pete Dockar (pictured), chief commercial officer at Gen H, commented. “We’ve been able to be agile with our pricing, and this time, it’s to the benefit of buyers with smaller deposits in particular.”
Last week, Gen H made significant adjustments to its credit criteria to enhance mortgage accessibility for prospective homeowners, especially those with adverse credit.
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