Gen H has announced its fourth round of rate cuts in as many weeks, this time focusing on high-LTV products and its New Build Boost offering.
The fresh round of rate cuts include reductions to 90% and 95% loan-to-value (LTV) rates by 0.10%, reductions to 85% LTV rates by 0.20% and reductions to its New Build Boost rate by 0.20%.
These new rates will be available across the lender’s 2-, 3- and 5-year products and
will be live at 5:30pm today, Tuesday 6th May for brokers on panel.
Pete Dockar, chief commercial officer at Gen H, said: “In true Gen H fashion, we’ve moved quickly over the past few weeks – first with reductions to our 2-year rates and then our 5-year fixes at higher LTVs.
“Now we’re making more significant cuts to high-LTV rates, alongside a reduction to our New Build Boost product rate.
“These changes, combined with our flexible criteria, are designed to support the growing number of first-time buyers who rely on higher LTVs or innovative schemes to find a
foothold on the ladder.
“I’m really pleased to see brokers already taking advantage of these reductions, and I hope many more aspiring homeowners end up with keys in hand as a result.”
