Gen H launches sub-4% 5-year mortgage rate

Gen H has reduced rates across its product range, and launched a 3.94% interest rate for its 5-year 60% loan-to-value (LTV) homebuying bundle product.

The standard range with-fee product for the same term and LTV is 3.99%.

These rates come into effect for Gen H’s broker panel this evening, Thursday 21st December, at 8.30pm.

Highlights include 3.94% rates on 5-year 60% LTV with-fee homebuying bundle products and 3.99% on 5-year 60% LTV standard with-fee products.

In addition, the lender is also offering sub-5% 5-year rates on with-fee products up to and including 80% LTV, as well as reductions across all other products up to 0.15%.

Pete Dockar, chief commercial officer at Gen H, said: “2023 started with a bang at Gen H, when we were the cheapest residential lender in market.

“I’m delighted to end the year in much the same way. Our mission is to help more aspiring buyers access the life-changing milestone that is homeownership, and we hope these rates will be a welcome gift to many this holiday season.

“We want people to believe that homeownership isn’t out of reach for them – and our job won’t be done until this is true for everyone.”