"Our mission is to help more aspiring buyers access the life-changing milestone that is homeownership, and we hope these rates will be a welcome gift to many this holiday season."
- Pete Dockar, chief commercial officer at Gen H
Gen H has launched a sub-4% residential mortgage rate as part of a host of reductions across its entire range.
The 3.94% five-year fixed rate is available at 60% LTV with a fee as part of the lender's homebuying bundle. The standard product for the same term and LTV is 3.99%.
The latest round of rate reductions mean that five-year rates up to and including 80% LTV are now all sub-5%.
Pete Dockar, chief commercial officer at Gen H, said: “2023 started with a bang at Gen H, when we were the cheapest residential lender in market. I’m delighted to end the year in much the same way.
"Our mission is to help more aspiring buyers access the life-changing milestone that is homeownership, and we hope these rates will be a welcome gift to many this holiday season. We want people to believe that homeownership isn’t out of reach for them – and our job won’t be done until this is true for everyone.”
