It also reduces rates across all other products by up to 15bps
Fintech mortgage lender Gen H has launched a 3.94% rate for its five-year 60% loan-to-value (LTV) homebuying bundle product, with the standard range with-fee product for the same term and LTV priced at 3.99%.
The new rates, along with reduced rates of up to 15 basis points (bps) across all other products, will be available to Gen H’s broker panel from 8:30pm today, December 21.
The lender said that with these new product rates, aspiring homeowners, home movers, and remortgagers in England and Wales “will be able to lock in a residential mortgage with the most affordable residential rates since the beginning of Liz Truss’ term as prime minister.”
“2023 started with a bang at Gen H, when we were the cheapest residential lender in the market,” Pete Dockar (pictured), chief commercial officer at Gen H, said. “I’m delighted to end the year in much the same way.
“Our mission is to help more aspiring buyers access the life-changing milestone that is homeownership, and we hope these rates will be a welcome gift to many this holiday season. We want people to believe that homeownership isn’t out of reach for them – and our job won’t be done until this is true for everyone.”
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