Borrowers with a 10% or 15% deposit will benefit from the highest rate cuts of 25bps, with two-year fixed rates reduced from 5.64% to 5.39%.
Rates for two-year fixes between 70% and 80% LTV have been cut by 6bps from 5.24% to 5.18%.
Meanwhile, two-year deals available up to 60% LTV have been reduced by 14bps.
Sara Palmer (pictured), sales and distribution director at Gen H, said: “I’m thrilled we’re able to make these changes as we approach the Christmas season. It’s a difficult time to be trying to buy a first home – but aspiring owners shouldn’t give up hope.
“Hopefully, these rate reductions will help deliver some homes for the holidays.”
Conversations you need to have with landlords before the Renters’ Rights Act
Sponsored by BM Solutions
Palmer joined the lender in October from Shawbrook Retail Mortgages, where she held a similar role.
