Gen H cuts homebuying and retention rates by up to 30bps

Gen H has announced rate reductions of up to 14 bps across its standard and homebuying ranges and up to 30 bps across its retention range. 

For core and homebuying bundle products, Gen H has reduced two and three-year fixes at lower LTVs by 10bps and five-year low LTVs by 14bps.

The homebuying bundle offers lower rates to borrowers who take both a Gen H mortgage and conveyancing with Gen H Legal, the lender’s independent conveyancing arm.

In the lender's retention range, two-year lower-LTV products are down by 10bps and three-year products by 30bps. Five-year fixes have reduced by 28bps at 60% and 70% LTV and by 23bps at 75% and 80% LTV.

These new rates are live for brokers on Gen H’s panel and can be used for any of its mortgages including the 'income boost' product. 

In recent weeks, Gen H has also introduced a new £499 product fee price point at 80% LTV and below for two and five-year fixes. 

Pete Dockar, chief commercial officer at Gen H, said: “If there is ever an opportunity to make rate reductions, we will work quickly to make it happen. We found an opportunity to support a variety of new and existing clients across two, three and five-year products and are delighted to have them live for our broker partners to kick-start a busy March.”