It reduces rates on homebuying bundles too
Fintech mortgage lender Gen H has announced rate reductions of up to 16 basis points (bps) on most of its products up to 95% loan-to-value (LTV).
The lender’s five-year homebuying bundle rates at 95% LTV are now priced at 5.97% with a £999 fee and 6.03% without fee. Rates of five-year homebuying bundles up to 90% LTV are now all under 6%.
Gen H’s two-year rates were slashed by between 11 and 14 bps across most products.
The latest rate reductions, Gen H said, pair with its popular homebuying bundle – launched earlier this year – which packages legal services with a Gen H mortgage for cheaper rates.
The lender, also known as Generation Home, recently expanded its first-time buyer bundle to include home movers. When clients bundle their Gen H mortgage with conveyancing from Gen H Legal, they get access to exclusive reduced mortgage rates.
Gen H claims to be the first lender to drop rates a couple of weeks ago amid volatile market conditions, in its aim to support more people get onto the property ladder.
“We are thrilled that we can continue to reduce our rates to help support more buyers,” said Pete Dockar (pictured), chief commercial officer at Generation Home. “Our 95% LTV products are particularly competitive, and when paired with some of our unique affordability solutions and bundle products, these reductions can really make a difference to homeowners and aspiring owners.”
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