Gen H cuts homebuying bundle and retention mortgage rates

Fintech mortgage lender Gen H is cutting mortgage rates by up to 14 bps across its homebuying bundle and retention ranges. 

Bundle rates up to and including 85% LTV are down by 9 bps, bundle rates at 90% and 95% LTV have reduced by 14 bps, and retention rates are down by up to 9 bps.

The homebuying bundle comprises a Gen H mortgage with conveyancing from Gen H Legal, the lender’s independent conveyancing firm. 

Pete Dockar, chief commercial director at Gen H, said: “At times like these, every decrease in rates really matters. First-time buyers will be extremely motivated to complete before the end of stamp duty relief, and we want to support them as best we can. With Gen H Legal on their side, they’ve got a fighting chance.  As always, we’ll look for other opportunities to price down in the coming weeks.”

Rebecca de Andrade, head of legal practice at Gen H Legal, commented: “Our team has been delighted by the uptake of the homebuying bundle. We’re pleased to see buyers benefit from lower rates and from the dedicated support our team is able to provide. We understand the pressure that first-time buyers will be facing in the coming months, and we’re here for them – today and always.”