Homebuying bundle rates now start at 5.38%
Fintech mortgage lender Gen H has further reduced rates across products up to 90% loan-to-value for both brokers and direct customers.
The lender’s five-year homebuying bundle rates at 60%, 70%, 75%, and 80% LTV are now 5.38% with £999 fee, down from 5.53%, and 5.44% without fee, down from 5.59%.
Its two-year homebuying bundle rates at 60%, 70%, 75%, and 80% LTV are now 5.90% with £999 fee, down from 6.10%, and 6.05% without fee, down from 6.25%.
This is Gen H’s third rate reduction in as many weeks, the last of which was rate cuts of up to 0.25% on two- and three-year rates and up to 0.15% on five-year rates.
The fintech lender said both direct and broker customers could access its homebuying range’s preferential rates when they bundled their Gen H mortgage with purchase conveyancing from Gen H Legal, the lender’s independent conveyancing arm.
“We're utterly dedicated to helping our customers find their place on the property ladder,” commented Pete Dockar (pictured), chief commercial officer at Gen H. “Keeping mortgage costs as low as we can is central to this.
“We’re delighted we could move quickly to implement further rate reductions today. We’re ready to support even more aspiring buyers and homemovers in 2023 with our competitive pricing and innovative features.”
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