Gen H has introduced a new round of rate cuts, including reductions of up to 0.20% across its product range.
The lender’s new, lower rates will go live today, Monday 25 March, at 5:30 pm.
The highlights include cuts across the product range between 0.8% to 0.20%, cuts of 0.18% on low-loan-to-value (LTV) 2-year and 5-year products and cuts of 0.20% on low-LTV 3-year products.
Pete Dockar, Gen H’s chief commercial officer, said:
“We’re all relieved to see swap rates moving in a positive direction following the Bank of England’s decision to hold rates last week.
“Affordability is still the greatest limitation for aspiring homeowners in this country, along with deposit challenges which themselves bring about affordability limitations, so it’s critical we take every opportunity we can to reduce our rates, even if it’s only for a week at a time. I’m sure the homeowners who benefit from these lower rates agree, and that’s what matters.”
