Gen H has announced a number of intermediary exclusives that include free valuations for all brokers, free legal work on home purchases provided by Gen H Legal for members of the Gen H Club and reductions to rates up to and including 80% LTV.
All 10,000 brokers on Gen H’s panel will now receive free valuations on their applications.
Gen H is also offering members of the Gen H Club a limited-time-only promotion comprising free legals via its conveyancing firm, Gen H Legal.
The lender said that, together with free valuations, these promotions could save customers between £1,000 and £2,000 on their purchase.
From Monday, 30 January 2023, Gen H will introduce new rates that it believes will make it among the most competitive for two-year fixes in LTV bands from 60% to 80%.
Rates on two-year fixes from 60% LTV to 75% LTV with £999 fee have been reduced by 15 bps to 4.64%, while rates on two-year fixes at 80% LTV with £999 fee have been reduced by 23 bps to 4.64%.
The lender will also temporarily withdraw its with-fee, two-year fixed-rate products above 80% LTV. Products without fees above 80% will continue to be available and rates are unchanged.
This announcement follows Gen H’s recent move from an SVR to a BoE base rate tracker in an effort to create fairer, more transparent prices for its customers.
Pete Dockar, Gen H’s commercial director, said: “With these reductions, our products up to and including 80% LTV become some of the cheapest in the market. As always, our rate decisions are guided by our customer-first ethos, and we believe these rates will help even more people get on to the ladder affordably.”
Will Rice (pictured), Gen H’s CEO, added: “We’re thrilled to be delivering on our promise to keep creating greater value for our broker partners and customers. With leading rates, the best service levels in the market by a wide margin – our application-to-offer time is under three days – and a legal service that matches the exceptional support to be found in our lending business, we’re closing in on our goal to be the only lender you’ll need.”
