Gen H reduces mortgage rates by up to 25 basis points

The most significant reductions apply to products between 60% and 80% loan-to-value (LTV), including interest-only options. Rates in these bands have been cut by up to 25 basis points, while 85-90% LTV two-year fixed rates are down by 15-20 basis points.

Part and part interest-only products at 95% LTV have also been reduced by 15-20 basis points for both two- and three-year fixed rates. The lender’s New Build Boost rate has been lowered by 20 basis points to 5.79%, marking its lowest level to date.

Gen H said the move forms part of its ongoing strategy to support affordability across a range of borrower types and risk tiers. Earlier in the year, the lender introduced changes to improve flexibility for applicants, including revised loan-to-income criteria for self-employed borrowers and higher LTV cases, alongside the launch of part and part mortgages for first-time buyers.

Sara Palmer, director of sales and distribution at Gen H, said: “We know brokers are facing a challenging landscape, and ongoing market volatility is not making their job any easier. That’s why we felt it was critical to make a decisive move to pass on as many rate cuts as we possibly could. By targeting deep cuts across our range, we’re sending a clear message: responsible rate reductions are possible, and we will always price down when we can responsibly do so.”