Fintech lender Gen H has announced a second round of rate reductions in less than four working days, lowering rates by up to 57 basis points cumulatively in the past week.
The recent cuts range between 15 and 27 basis points across different loan-to-value (LTV) categories and are effective immediately for both broker and direct customers.
Gen H’s 2-year 80%-LTV homebuying bundle product now stands as one of the most competitive in the market.
The lender continues to offer discounted mortgage rates for customers who bundle a Gen H mortgage with purchase conveyancing from Gen H Legal, the lender’s conveyancing arm.
Pete Dockar, chief commercial officer at Gen H, said: “We have always worked to offer the most competitive pricing we can for our customers.
“This week, we’ve had two opportunities to cut our rates and pass the benefits onto aspiring homeowners, and we’ve jumped on both. If we can offer lower prices, we will.”
