Gen H has made a number of mortgage rate adjustments, including wide-ranging cuts targeted at supporting buyers with small deposits.
As part of the changes, the lender has reduced its 2-year 90% and 95% loan-to-value (LTV) rates by up to 0.15%, and reduced all 3-year products by up to 0.15%.
Gen H has also withdrawn its 60% and 70% LTV rates and increased its 5-year 90% LTV rate by 0.05%.
Pete Dockar, chief commercial officer at Gen H, said: “It’s always important to look for ways to support that cohort of aspiring homeowners who are the most underserved by the wider market: those with small deposits.
“Saving a deposit is a gargantuan task in today’s economy, we’re doing all we can to support prospective buyers and keeping mortgage costs as low as we can is an important part of that.”
