Gen H has announced another series of rate reductions, cutting its entire product range by up to 25 bps.
The new rates are already live for both broker and direct customers, with reductions across both the lender’s standard and homebuying bundle range. These rates are also available for remortgaging customers.
Details include the following:
- All homebuying bundle and standard 5-year rates up to 80% LTV are sub-5%
- 60%, 70%, and 75% LTV rates reduced by up to 20 bps
- 80% LTV reduced by up to 25 bps
This is the lender’s sixth round of reductions in the final quarter of 2023.
Pete Docker (pictured), chief commercial officer at Gen H, said: “It’s been a hugely busy few months for us at Gen H, between our rapid rate reductions and our launches with Experian and Google Cloud.
“But we’re glad to demonstrate that we’re serious about changing the mortgage industry – from bringing the fairest prices we can to market and truly innovating for our partners.
“And we know we’re doing something right, because the response from our intermediary panel has been tremendously positive. We’re looking forward to another great year.”