Gen H cuts high LTV rates by up to 0.20%
The mortgage lender has cut rates between 85% to 95% LTV.
"Brokers should be taking another look at what's now possible for those clients who were just outside affordability last week."
- Sara Palmer, sales and distribution director at Gen H
Gen H has announced rate cuts of up to 20 basis points across its high LTV mortgage products, with the biggest reductions at 95% LTV.
Two and three-year rates at 90% LTV are down by 0.20%, with 85% and 90% LTV rates reducing by 0.10%.
Gen H says it has made the reductions due to easing swap rates.
Sara Palmer, sales and distribution director at Gen H, said: "These cuts are market-driven, but we've made a deliberate choice to concentrate the biggest reductions at 95% LTV, where many first-time buyers are.
"A smaller deposit doesn't make you an inherently riskier borrower; it just means you’re someone who hasn't had a financial leg-up, or who's been paying rent whilst also trying to save.
"Brokers should be taking another look at what's now possible for those clients who were just outside affordability last week."
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
This week's biggest stories:
FCA
FCA mortgage reform plans set out affordability assessment changes for borrowers with past credit problems
Bank Of England
Decision to hold interest rates an 'active choice', BoE's Bailey says
Interest Rates
Case for hiking rates is growing, MPC member says
Offa
Offa joins Iress XPM and Trigold
House Prices
House prices to fall 2% in 2026 as war in Iran 'fundamentally changes outlook'
CPD article
Beyond the Bank of Family: How lenders can unlock homeownership
