Gen H has introduced rate reductions for all of its products by up to 0.65%.
The new rates are already live for both broker and direct customers.
Rates up to 80% loan-to-value (LTV) have been cut by up to 0.23% and 85%, 90% and 95% LTV rates have been cut by up to 0.65%.
First-time buyer bundle rates will now be found on 2-year fixes with 60%, 70%, 75% and 80% LTVs (with £999 fees) at 4.84% and on 5-year fixes with 60%, 70%, 75% and 80% LTVs (with £999 fee) at 4.57%.
The Gen H first-time buyer bundle refers to the product range they launched in March that offers first-time buyers a seamless homebuying experience combining mortgage and legal services under one roof, and could help make savings for clients from their standard product range.
Other standard rate highlights include; 2-year fixes with 60%, 70%, 75% and 80% LTVs (with £999 fee) at 5.06%, and 5-year fixes with 60%, 70%, 75% and 80% LTVs (with £999 fee) at 4.66%.
Gen H has also significantly lowered the rates on their 85%, 90% and 95% LTV products by up to help support buyers with smaller deposits.
Aspiring homeowners can combine these reduced rates with Gen H’s innovative tools and affordability features.
The lender originally launched to market with first-of-their-kind “boosters” that enable buyers to increase what they can borrow or get deposit support with help from family and friends.
With the launch of Gen H Legal, the lender’s independent conveyancing arm, customers can access a game-changing end-to-end homebuying service from the lender-conveyancer duo.
Pete Dockar, Gen H’s chief commercial officer, said: “It’s been a challenging year for aspiring homeowners.
“We’ve created highly innovative products to help people onto the ladder – but we realise that sometimes the rates continue to be a blocker to homeownership.
“That’s why we always work to keep our rates as low as we can. Today, we’re delighted we’ve been able to substantially reduce our rates – we want people to know that, even when times are tough, we are committed to helping them achieve their goals.”
