Gen H has reduced rates across its mortgage offering and added competitively high loan to value (LTV) deals.
The launches include a five-year fixed mortgage at 95 per cent LTV with a rate of 4.94 per cent in the standard range, and an equivalent in its homebuying bundle offering priced at 4.88 per cent.
Last year, the lender launched a service to provide borrowers with a dedicated conveyancer and a lower rate if they selected from its Gen H Legal panel. This is available to both direct borrowers and clients who are introduced by intermediaries.
Elsewhere, Gen H has reduced rates across all two-, three- and five-year deals by up to 0.11 per cent.
Rates will go live on the evening of Friday 2 February.
Pete Dockar, Gen H’s chief commercial officer, said: “We’re thrilled to have made these reductions today to make sure our broker partners have the best options available for their clients.
“We’ve been able to be agile with our pricing, and this time it’s to the benefit of buyers with smaller deposits in particular.”
These rate reductions come after the lender loosened its criteria for borrowers with adverse credit earlier this week. Last week, Gen H reduced its standard variable rate (SVR) by two per cent to 7.25 per cent.
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
