Gen H has reduced rates by as much as 0.20% across selected 3-year products, with further cuts applied to several 5-year high loan-to-value (LTV) options.
The most substantial reductions are concentrated in the mid-LTV 3-year range, where rates at 70% and 75% LTV have been cut by 0.20%.
All other 3-year products have been reduced by 0.10%.
Among 5-year fixes, the 85% and 90% LTV products are now 0.05% lower, while the 95% LTV 5-year fix has fallen by 0.10%.
The lender has also made increases to some 2-year deals, with 85% and 90% LTV 2-year fixes rising by 0.10% and the 95% LTV 2-year fix increasing by 0.05%.
These changes are already live for all brokers on Gen H’s panel and apply across the lender’s standard, existing-customer and interest-only ranges.
With the Budget approaching, Gen H says its targeted reductions are intended to broaden product choice at a time when borrowers may want flexibility.
Sara Palmer, sales and distribution director at Gen H, said: “There is a lot of uncertainty and negativity in the markets as we approach the Autumn Budget.
“Hopefully the cuts we’ve been able to make bring a little positivity to our broker panel and their clients.
“The trusted, expert guidance of a broker plays a critical role in helping clients decipher the signal from the noise as they make important decisions about their finances and futures – especially in times like these.
“As a lender, we’re doing everything we can to support our broker partners as they undertake this important work.”
