Borrowers with a 10% or 15% deposit will benefit from the highest rate cuts of 25bps, with two-year fixed rates reduced from 5.64% to 5.39%.
Rates for two-year fixes between 70% and 80% LTV have been cut by 6bps from 5.24% to 5.18%.
Meanwhile, two-year deals available up to 60% LTV have been reduced by 14bps.
Sara Palmer (pictured), sales and distribution director at Gen H, said: “I’m thrilled we’re able to make these changes as we approach the Christmas season. It’s a difficult time to be trying to buy a first home – but aspiring owners shouldn’t give up hope.
“Hopefully, these rate reductions will help deliver some homes for the holidays.”
Aldermore Insights with Jon Cooper: Edition 5 – Feeling enthusiastic about next year’s run-of-the-mill market
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Palmer joined the lender in October from Shawbrook Retail Mortgages, where she held a similar role.
