New products include a five-year fix remortgage only product at 90 per cent LTV, priced at 4.6 per cent. This has a £995 fee and offers £250 cashback on completion.
There is also a five-year fix for purchase and remortgage at the same lending tier with a rate of 4.83 per cent. This has a £995 fee and offers £1,000 cashback on completion.
Additionally, the mutual has added a two-year fix for buy-to-let borrowers. This is available at 75 per cent LTV, for purchase and remortgage, with a rate of 5.3 per cent. A £995 fee applies.
Skipton Building Society will also cut rates on two and five-year fixes at 90 and 95 per cent LTV, two-year fixed buy-to-let products as well as two and five-year fixed green additional borrowing products.
The changes will apply from 7 February.
Gen H
Gen H has reduced rates across its five-year fixes and added three-year fixed mortgages to its range.
Rate cuts of up to 0.42 per cent have been made to its five-year fixes, including the fee-free products at 70 and 75 per cent LTV which have gone down by the headline reduction to 4.57 per cent.
For deals with a £999 fee, the mortgages at 70 and 75 per cent LTV have been reduced by 0.37 per cent to 4.52 per cent.
At 80 per cent LTV, the fee-free product has been cut by 0.36 per cent to 4.63 per cent, while the option with a £999 fee has been reduced by 0.28 per cent to 4.61 per cent.
The three-year fixes which have been added to the range include a product at 60 per cent LTV with a £999 fee and a rate of 4.8 per cent. There are also options at 70 and 75 per cent LTV with a £999 fee at 4.83 per cent, and at 60, 70 and 75 per cent LTV the fee-free offerings are priced at 4.86 per cent.
At 80 per cent LTV, the three-year fixed option with a £999 fee has a rate of 4.89 per cent.
Pete Dockar, commercial director at Gen H, said: “Aspiring homebuyers today may feel they’re facing a deeply uncertain economic landscape. These rate changes and introductions reflect our commitment to helping everyone find their place on the property ladder – whether they’re looking for flexibility with a three-year fixed rate or certainty and peace of mind with a competitive five-year rate.
“We are thrilled to continue to act quickly and in the best interests of our customers and broker partners.”
