Gen H has made several rate reductions across its product range, for the fourth consecutive week.
The reductions, which include cuts to high loan-to-value (LTV) rates, will be effective from 5:30pm today (2nd December 2024).
As part of the changes, 95% LTV rates will be reducing by 0.15% to 0.25%, 90% LTV rates will be reducing by 0.10% to 0.15%, and 85% LTV rates will be reducing by 0.10% and 0.15%.
The lender focused its cuts on high-LTV rates to support first-time buyers and others who are more likely to have smaller deposits.
Pete Dockar, chief commercial officer at Gen H, said: “There’s no better way to begin the festive season than with a selection of rate reductions – it’s our gift to our brokers and their clients.
“I’m pleased to see other lenders also making moves in a positive direction.
“These cuts will especially benefit those with small deposits, but for clients who need a bit more support, brokers should remember that our income booster or deposit booster could help close the gap.”
