Gen H cuts high-LTV two-year fixes by 0.30%

Residential mortgage lender, Gen H, has announced new rate reductions across its two-year fixed mortgage rates.

This marks the lender’s third rate reduction in recent weeks, with the most significant cuts applied to high LTV products.

Two-year rates at 90% LTV and below will be reduced by 15 bps while 95% LTV rates are down by 30 bps.

These cuts are available across standard, homebuying, and retention ranges and will be available for brokers on Gen H’s panel from 5:30pm today.

Pete Dockar, chief commercial officer at Gen H, said: "With this latest rate cut, we’re doubling down on our mission to make homeownership possible for more people. The market is volatile, but as lenders, we can’t let this lock out those at the beginning of their journey. We believe first-time buyers deserve better options, and we’re proud to be in the mix as lenders make positive moves across the market. 

"And where buyers need a bit more assistance, our income booster proposition could make the most of these rate cuts and finally get keys into waiting hands.”