Reductions of 10 basis points have been made at 90% and 95% LTV, and going up to 85% LTV, reductions of 20 basis points have been applied to Gen H’s range.
Within its New Build Boost, which was launched as an alternative to Help to Buy, decreases of 20 basis points will be made.
These new Gen H rate reductions are available across the lender’s two-, three- and five-year products and will be live at 5:30pm on 6 May for brokers on the panel.
Pete Dockar, chief commercial officer at Gen H, said: “In true Gen H fashion, we’ve moved quickly over the past few weeks – first with reductions to our two-year rates and then our five-year fixes at higher LTVs. Now we’re making more significant cuts to high-LTV rates, alongside a reduction to our New Build Boost product rate.
“These changes, combined with our flexible criteria, are designed to support the growing number of first-time buyers who rely on higher LTVs or innovative schemes to find a foothold on the ladder. I’m really pleased to see brokers already taking advantage of these reductions, and I hope many more aspiring homeowners end up with keys in hand as a result.”
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