Gen H reduces high-LTV rates by up to 0.25%
The lender says it has focused its cuts on high-LTV rates to support first-time buyers.
"There’s no better way to begin the festive season than with a selection of rate reductions – it’s our gift to our brokers and their clients. "
- Pete Dockar, chief commercial officer at Gen H
Fintech mortgage lender Gen H has announced rate reductions for the fourth consecutive week, cutting high-LTV rates by up to 0.25%.
85% LTV and 90% LTV rates are reducing by 10-15 bps, with 95% LTV rates down by 15-25 bps.
Pete Dockar, chief commercial officer at Gen H, said: “There’s no better way to begin the festive season than with a selection of rate reductions – it’s our gift to our brokers and their clients.
"I’m pleased to see other lenders also making moves in a positive direction. These cuts will especially benefit those with small deposits, but for clients who need a bit more support, brokers should remember that our income booster or deposit booster could help close the gap.”
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