Gen H cuts homebuying bundle rates by up to 40bps

Gen H has reduced rates across its homebuying bundle by up to 0.40%.

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.

Two-year bundle rates have decreased by up to 40bps, three-year rates by up to 30bps, and five-year rates by up to 20bps.

In recent months, Gen H has announced a series of criteria enhancements, including credit commitment transparency and updates to five-year stress rates.

Pete Dockar, chief commercial officer at Gen H, said: “Gen H Legal was founded on the same ethos as Gen H – to reimagine the tools and processes that could make homebuying simple, transparent and fair for buyers in an incredibly difficult market.

"Whilst the two businesses share this founding principle, Gen H Legal is independently operated by a highly skilled and experienced team of committed solicitors and assistants, and we are delighted that we’ve been able to bring this productive, customer-focused relationship to market.”