It reduces rates by up to 25bps
Fintech mortgage lender Gen H has announced rate reductions across its entire product range.
In the latest of the three consecutive rate drops in recent weeks, the lender has reduced its two- and three-year rates by up to 25 basis points (bps) and its five-year rates by up to 15bps.
Gen H’s five-year homebuying bundle rates at 95% loan-to-value (LTV) are now 5.74% with £999 fee and 5.80% without the fee. Its five-year bundle rates at 90% LTV are now 5.63% with £999 fee and 5.69% without the fee.
The new rates are now available for both broker and direct customers.
“We are committed to supporting more aspiring buyers, or those who need support due to changing circumstances,” said Pete Dockar (pictured), chief commercial officer at Generation Home. “Further rate reductions today demonstrate our commitment to having our customers at the heart of what we do.”
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