Gen H cuts mortgage rates by up to 0.50%

Gen H announced wide-ranging mortgage rate cuts of up to 50 bps across its entire product range.

Two-year fixed rates have reduced by 0.50% at 60% LTV, 0.30% at 80% LTV, 0.20% at 90% LTV, and 0.15% at 95% LTV.

Three-year rates across all LTVs are dropping by 10–30 bps and five-year rates by up to 20 bps.

In March, Gen H launched New Build Boost, a mortgage scheme billed as a private-sector alternative to Help to Buy, which has so far overwhelmingly been used by first-time buyers, foreign nationals, and healthcare workers. Its New Build Boost rate has today reduced by 0.10%, to 6.29%.

Gen H has also recently announced new funding partnerships with Perenna, Penrith, and JN Bank UK.

Pete Dockar, chief commercial officer at Gen H, said: "For those in the industry, rate reductions can feel like a nice bit of news – but for real people, cuts can be the difference between owning a home or staying locked in the rental cycle. 

"We're proud to be a lender that creates truly incremental homeowners, helping individuals and families who might otherwise find homeownership out of reach. With these significant reductions, we're not just lowering rates – we're bringing down the cost of new homeownership. Our team is delighted to deliver these cuts to market today, and I hope to see these rates help even more aspiring homeowners find their place on the ladder."