It also launches new broker website
Residential mortgage lender Gen H has announced reductions across its new business rate range, marking its second consecutive round of cuts.
The changes coincide with the lender’s official rollout of its revamped intermediary website.
Two-year fixed rates have been dropped by up to 15 basis points (bps), three-year fixed rates have been reduced by up to 20bps, and five-year high loan-to-value (LTV) rates have been decreased by 5bps.
Mortgage brokers on Gen H’s panel can access the updated rates through the lender’s newly launched intermediary platform, Gen H Pro.
The updated website, which went live earlier this month, highlights Gen H’s focus on providing tailored solutions for a wide range of borrowers. Features include tools for affordability support, such as its income booster product, and enhanced criteria designed to extend term lengths and improve affordability for customers.
“What better way to start a new year than lower rates and with a refresher on what makes us different?” commented Pete Dockar (pictured), chief commercial officer at Gen H. “Gen H is built to embrace complexity in customer circumstances, to underwrite sensibly and flexibly, and to open doors that would otherwise remain closed with our booster products. It’s a holistic approach to redefining borrowing that has made a difference for thousands of people.”
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