"Brokers should be taking another look at what's now possible for those clients who were just outside affordability last week."
- Sara Palmer, sales and distribution director at Gen H
Gen H has announced rate cuts of up to 20 basis points across its high LTV mortgage products, with the biggest reductions at 95% LTV.
Two and three-year rates at 90% LTV are down by 0.20%, with 85% and 90% LTV rates reducing by 0.10%.
Gen H says it has made the reductions due to easing swap rates.
Sara Palmer, sales and distribution director at Gen H, said: "These cuts are market-driven, but we've made a deliberate choice to concentrate the biggest reductions at 95% LTV, where many first-time buyers are.
"A smaller deposit doesn't make you an inherently riskier borrower; it just means you’re someone who hasn't had a financial leg-up, or who's been paying rent whilst also trying to save.
"Brokers should be taking another look at what's now possible for those clients who were just outside affordability last week."
