"With the timings of any base rate reduction still far from clear cut, we recognise that homeowners need all the support they can get."
- Pete Dockar, Gen H's chief commercial officer
Gen H is reducing rates across its residential mortgage range by up to 0.25%.
Low-LTV product rates – up to and including 80% LTV – will be reduced by 25bps and high-LTV product rates will be reduced by 5bps.
The new rates will come into effect at 5:30pm today.
The rates are available for first-time buyers, homemovers and remortgagers who come to the lender via a mortgage broker. Gen H became an intermediary-only lender earlier this year.
Pete Dockar, Gen H's chief commercial officer, said: “Those who have worked with Gen H know that we take every opportunity to reduce our rates, and this is one such occasion where we’re able to move quickly for the benefit of our customers.
"With the timings of any base rate reduction still far from clear cut, we recognise that homeowners need all the support they can get. We’re happy to be there for them in every way we can – whether that’s with a significant rate reduction or our flexible lending criteria.”
