"We can help people no matter their deposit size, whether they’re remortgaging in the 60% LTV band or buying their first home with a smaller deposit."
- Pete Dockar, commercial director at Gen H
After the launch of 3.94% and 3.99% rates in December 2023, Gen H has announced further mortgage rate cuts across its entire product range.
All LTV bands up to and including 80% at three and five-year terms are now below 5%, with all five-year rates at sub-5% and all two-year products below 6%.
These rates are available for aspiring first-time buyers, homemovers and remortgagers who come to the lender via a mortgage broker. The greatest reductions are found across high-LTV products, supporting first-time buyers.
Among the highlights, 85% LTV products have reduced by up to 67bps. The lender's two-year standard product with a £999 fee is now 5.32%, while its two-year homebuying bundle rates start at 5.27%. A standard five-year fix has reduced to 4.71%, with bundle rates at 4.65% with £999 fee.
In addition, 90% LTV rates have reduced between 40 bps and 55 bps and 95% LTV products are down by 60bps.
Pete Dockar, commercial director at Gen H, said: “We were thrilled to have been able to have introduced the first sub-4% to the market – making rate reductions whenever we can is core to our ethos. Today, we’re excited to show we can help people no matter their deposit size, whether they’re remortgaging in the 60% LTV band or buying their first home with a smaller deposit. We make these reductions because they make a difference to real people. That’s why we’re here.”
