Gen H cuts 95% LTV rates by up to 0.25%

Gen H has cut rates across its two, three and five-year fixed rates, with the largest reduction of 25bps on two-year fixed rates at 95% LTV. 

Two-year fixes at 95% LTV now start from 6.88%, with two-year fixes at 85-90% LTV available from 6.54% and at 70-80% LTV from 5.94%.

Three and five-year fixed rates at 85% LTV and above are down 5bps, with rates from 6.64%.

Gen H’s lowest rate for first-time buyers, home movers and remortgagers is 5.74% on its two-year fixed £500k+ special product at 80% LTV, with a £1,999 fee. 

Across its core range, the lowest rate is 5.79% on its two-year fix at 60% LTV, with a £1,499 fee. For existing customers, the lowest rate is 5.99% on a fee-free two-year fix at 60% LTV.

Around 2.3 million households reach the end of their fixed deals in 2027, according to UK Finance data, and will be refinancing into a market braced for further rate rises. 

Gen H’s cuts give buyers and brokers lower fixed rates to secure ahead of Thursday’s Bank of England rate decision, with a rise to 4% widely expected - the first since 2023.

Sara Palmer, chief distribution officer at Gen H, said: “Your First Home put first-time buyers in the spotlight, but home movers, remortgagers and existing properties have all been left out. 

"People saving for a deposit today need help now, so we’ve made our biggest cut at 95% LTV, where deposits are smallest and rates are highest. With the Bank of England expected to increase the base rate on Thursday, mortgage rates at large could move either way – that’s why we’re passing on reductions while we can, and we’ll keep looking for room to go further.”