Highlights from the rate cuts include two-year fixed rates at 95% LTV down 25bps, with rates starting from 6.88%, while a 20bps cut has been applied to two-year fixes between 85% and 90% LTV.
Three- and five-year fixed rates at 85% LTV and above are down 5bps, with rates starting from 6.64%.
Gen H’s lowest rate for first-time buyers, homemovers and remortgagors is 5.74% on its two-year fixed £500,000-plus special product at 80% LTV, with a £1,999 fee.
Across its core range, the lowest rate is 5.79%, which applies to the lender’s two-year fix at 60% LTV, with a £1,499 fee.
For existing customers, the lowest rate is 5.99% on its fee-free two-year fixed at 60% LTV.
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Sara Palmer (pictured), chief distribution officer at Gen H, said: “Your First Home put first-time buyers in the spotlight, but homemovers, remortgagors and existing properties have all been left out. People saving for a deposit today need help now, so we’ve made our biggest cut at 95% LTV, where deposits are smallest and rates are highest.
“With the Bank of England expected to increase the base rate on Thursday, mortgage rates at large could move either way – that’s why we’re passing on reductions while we can, and we’ll keep looking for room to go further.”
