New rates are available exclusively through intermediaries
Fintech mortgage lender Gen H has reduced rates across its residential range to support more aspiring homeowners and remortgagers.
The reprice includes a cut of 25 basis points (bps) for its low loan-to-value (LTV) products, which cover up to and including 80% LTV. Higher LTV products saw a smaller reduction of 5bps.
The move follows a period of high activity for the lender despite a challenging rate environment, suggesting that the rate cuts could boost the appeal of its lending criteria and market offerings.
“Those who have worked with Gen H know that we take every opportunity to reduce our rates, and this is one such occasion where we’re able to move quickly for the benefit of our customers,” said Pete Dockar (pictured), chief commercial officer at Gen H.
“With the timings of any base rate reduction still far from clear cut, we recognise that homeowners need all the support they can get. We’re happy to be there for them in every way we can – whether that’s with a significant rate reduction or our flexible lending criteria.”
Gen H’s new rates will be available exclusively through mortgage brokers, targeting aspiring first-time buyers, homemovers, and remortgagers.
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