Gen H launches limited edition rate for large mortgage loans and cuts high LTV rates
All 95% LTV rates have dropped by 0.10%, while all 85% and 90% LTV rates have dropped by 0.05%.
Gen H has launched a limited edition mortgage rate for loans above £400,000.
The product is a 2-year fixed rate at 4.89% for 60% loan-to-value (LTV) and below, with a fee of £1,999.
Additionally, Gen H has reduced rates across its high LTV range.
All 95% LTV rates have dropped by 0.10%, while all 85% and 90% LTV rates have dropped by 0.05%.
Products at more than 4.49 times loan-to-income at 85%, 90%, and 95% LTV are down by an extra 0.05%.
Sara Palmer, sales and distribution director at Gen H, said: “This discounted product will surprise a lot of people, because Gen H is so often thought of as a first-time buyer lender.
“But this is actually a great example of the Gen H ethos. Our team saw an opportunity to help this segment of buyers – next-time buyers, buying a home for the long-term – and right away, we knew we wanted to go for it.
“This rate won’t be around forever, but while it is, we hope it helps buyers lock in the family forever home of their dreams.”
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