Gen H has announced its second round of mortgage rate cuts in as many weeks, this time focusing on high loan-to-value (LTV) products favoured by first-time buyers.
The lender’s standard 2-year rates at 85% LTV and above have been reduced by 0.25% and its standard 3- and 5-year rates at 85% LTV and above have been reduced by up to 0.18%.
In addition, the lender has also introduced smaller improvements to high LTV homebuying bundle rates.
These new rates are now live for brokers on Gen H’s panel.
Pete Dockar, chief commercial officer at Gen H, said: “We’re delighted to expand our recent series of rate cuts to include our high LTV products.
“Market conditions are lending themselves ever so slightly to the benefit of first-time buyers, with a gentle market lull following the stamp duty deadline and, indeed, Trump’s tariffs driving swap rates down.
“As ever, we’re moving quickly to benefit as many aspiring homeowners as we can, and making hay while the sun shines.”
