Gen H has cut all two-year fixed rates up to and including 80% LTV by up to 0.15%, with all three- and five-year fixed rates being cut by around 0.2%.
The lender’s New Build Boost, where buyers bring a 5% deposit and take an 80% LTV mortgage along with a 15% interest-free loan to close the gap, has been lowered by around 0.2% and starts from 6.29%.
Only approved brokers can currently advise on the new-build product, which the lender launched in March, adding that it aimed to serve as an alternative to Help to Buy.
Pete Dockar, chief commercial officer at Gen H, said: “We’re a big fan of silver linings here at Gen H. So, while we’re seeing a lot of economic volatility on both national and international stages, there’s an upside; today, we can offer sweeping rate cuts across much of our range.
“We’re always looking for opportunities to price down, and we’re delighted to include our New Build Boost rate within these cuts. It’s our mission to help everyone access homeownership, and I’m hopeful that for some aspiring buyers out there, these rates will help them finally get their keys.”
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Gen H was founded in 2019 and offers income booster and deposit booster deals. It also has its own in-house conveyancing service.
