Gen H has reduced the rates on its 2-year fixed rate products at 60%, 70% and 75% loan-to-value bands as well as making a reduction in the stress rate it applies in customer affordability assessments.
The new 2-year rates have fallen 0.8% to 5.42% (with £999 fee) and 5.75% (with £0 fee).
These rate changes mean Gen H continues to be one of the cheapest lenders in the market across 2-year fixed rate products.
Other changes see its 5.42% 2-year, 60%, 70%, 75% LTV with fee, reduced by 0.08% from 5.50% (6.3% APRC).
It will also see its 5.75% 2-year, 60%, 70%, 75% LTV without fee, reduced by 0.08% from 5.83% (6.3% APRC).
Pete Dockar, Gen H commercial director, said: “At a time when mortgage costs are rising for many, we are proud to once again lower our 2-year fixed rates.
“Affordability is top of homeowners’ minds and we are doing all we can to keep their mortgage payments as low as possible.”
