Gen H has announced widespread mortgage rate reductions of up to 0.50% across its full product range, in a move designed to support buyers across the homeownership journey.
The cuts include lower rates on its 2-year, 3-year and 5-year fixed products, as well as its New Build Boost scheme.
The lender has reduced its 2-year fixed rates at 60% loan-to-value (LTV) by 0.50%, while 80% LTV products have fallen by 0.30%, and 90% and 95% LTV options are down by 0.20% and 0.15% respectively.
3-year fixed rates have been reduced by between 0.10% and 0.30%, and 5-year fixes have dropped by between 0.05% and 0.20%. The New Build Boost rate has fallen by 0.10% to 6.29%.
The updated pricing will go live for intermediaries on Gen H’s panel from 5:30pm today.
Pete Dockar, chief commercial officer at Gen H, said: “For those in the industry, rate reductions can feel like a nice bit of news – but for real people, cuts can be the difference between owning a home or staying locked in the rental cycle.
“We’re proud to be a lender that creates truly incremental homeowners, helping individuals and families who might otherwise find homeownership out of reach.
“|With these significant reductions, we’re not just lowering rates – we’re bringing down the cost of new homeownership. Our team is delighted to deliver these cuts to market today, and I hope to see these rates help even more aspiring homeowners find their place on the ladder.”
Gen H launched its New Build Boost scheme in March as a private-sector alternative to Help to Buy, and has recently confirmed new funding partnerships with Perenna, Penrith and JN Bank UK.
