Gen H reduces mortgage rates by up to 0.20%

Fintech lender Gen H has reduced mortgage rates across its range up to 0.20%.

The largest reductions are to five-year fixed rates at 60% LTV, down by 20bps.

Five-year rates at 70-80% LTV have reduced by 15bps, while three-year fixes at 60-80% LTV and two-year rates at 70-80% LTV have both reduced by 10bps.

Two-year rates at 60% LTV have decreased by 5bps, along with all 90% LTV products.

In addition, New Build Boost rates have reduced by 10bps to 5.79%.

The announcement follows Gen H's recent launch into Scotland. Gen H launched to Scotland exclusively with Mortgage Advice Bureau last week and is planning to expand its broker panel north of the border in the coming months.

Sara Palmer, sales and distribution director at Gen H, said: “Gen H is a fintech lender, which affords us one major advantage: agility. Swaps moved in the right direction this week and our pricing committee took every opportunity to make cuts wherever we could. Now it’s over to our intermediary panel to get these rates to the right clients!”