Gen H cuts high-LTV mortgage rates by 0.25%
As uncertainty around the Autumn Budget has dominated headlines in recent weeks, some lenders have priced up in anticipation of its possible impacts.
Gen H has announced rate cuts across its mortgage product range by up to 25 bps.
The lender has launched a series of rate reductions to support aspiring first-time buyers, home movers and remortgagers.
Five-year 90% and 95% LTV rates have decreased by 0.25% and two and three-year 90% - 95% LTV rates have fallen by 0.16%.
In addition, two and three-year rates up to and including 85% LTV are down by 15–25 bps.
Earlier this month, Gen H enhanced its lending criteria to exclude utilities and communications accounts from arrears rules.
Peter Dockar, chief commercial officer at Gen H, said: “We’re delighted to introduce these rate cuts today. We’re in the midst of another spate of volatility within the market and so we are thrilled to have been able to act positively and move rates in the right direction for our intermediary partners and their clients.”
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