Gen H has made significant reductions across its 5-year product ranges and has also introduced a competitive set of 3-year products.
Across the 5-year product range, Gen H has reduced rates by up to 0.42%.
This means they are offering some of the most competitive pricing in the 60% to 80% loan-to-value (LTV) bands across the entire market for their 2-, 3- and 5-year ranges.
New 5-year rates includes 5-year fixes at 70% and 75% loan-to-value (LTV) with £999 fee down by 37 bps to 4.52%, as well as rates on 5-year fixes at 70% LTV and 75% LTV with no fee down by 42 bps to 4.57%.
Pete Dockar, Gen H commercial director, said: “Aspiring homebuyers today may feel they’re facing a deeply uncertain economic landscape.
“These rate changes and introductions reflect our commitment to helping everyone find their place on the property ladder – whether they’re looking for flexibility with a 3-year fixed rate or certainty and peace of mind with a competitive 5-year rate.
“We are thrilled to continue to act quickly and in the best interests of our customers and broker partners.”
Gen H’s newly introduced 3-year rates include rates on 3-year fixes at 60% LTV with £999 at 4.80%, rates on 3-year fixes at 70% and 75% LTVs with £999 fee at 4.83%, as well as rates on 3-year fixes at 60, 70% and 75% LTVs without fee at 4.86%.
This change follows the lender’s recent introduction of a new set of intermediary exclusives, including free valuations, as the lender moves to streamline and strengthen its relationships with its broker partners.
