Gen H has announced a series of significant rate reductions across its mortgage range, cutting rates by up to 0.25%.
The lender has made reductions of up to 0.25% on all products between 60% and 80% LTV, including interest-only options.
Gen H said the move forms part of its ongoing strategy to address affordability pressures and provide competitively priced lending options across multiple risk tiers.
Key changes also include 0.20% to 0.25% cuts on all capital repayment rates at 60% LTV, and up to 25% reductions across all products between 60% and 80% LTV.
At higher LTVs, 85% to 90%, 2-year fixed rates have been cut by 0.15% to 0.20%, while part and part interest-only products at 95% LTV have fallen by the same margin for 2- and 3-year fixes.
The lender’s New Build Boost product has also been cut by 0.20% to 5.79%, marking its lowest ever rate.
Sara Palmer, director of sales and distribution at Gen H, said: “We know brokers are facing a challenging landscape, and ongoing market volatility is not making their job any easier.
“That’s why we felt it was critical to make a decisive move to pass on as many rate cuts as we possibly could.
“By targeting deep cuts across our range, we’re sending a clear message: responsible rate reductions are possible, and we will always price down when we can responsibly do so.”
