Fintech mortgage lender Gen H has cut rates by as much as 0.65 per cent across all its products to help more people achieve their homeownership goals.
Products up to 80 per cent loan to value (LTV) has been reduced by up to 0.23 per cent, and deals between 85 and 95 per cent LTV have fallen by around 0.65 per cent.
On the first-time buyer side, two-year fixed bundle rates at 60, 70, 75 and 80 per cent LTV with £999 fee are priced at 4.84 per cent.
The bundle rates, which were launched in March, offer mortgage and legal services under one roof and the lender said it could help customers make savings from their standard product range.
Within its standard range, standard two-year fixed rates at 60, 70, 75 and 80 per cent LTV with £999 fee come to 5.06 per cent and its standard five-year fixed rates at the same LTVs and same fee is 4.66 per cent.
Gen H chief commercial officer Pete Dockar said: “It’s been a challenging year for aspiring homeowners. We’ve created highly innovative products to help people onto the ladder – but we realise that sometimes the rates continue to be a blocker to homeownership.
“That’s why we always work to keep our rates as low as we can. Today, we’re delighted we’ve been able to substantially reduce our rates – we want people to know that, even when times are tough, we are committed to helping them achieve their goals.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
