Gen H has made its third rate reduction in almost as many week with the most significant cuts applied to its high LTV and 2-year deals.
Short-term deals represent a critical space as affordability challenges and a shifting interest rate environment continue to put pressure on homebuyers.
Gen H’s 2-year rates at 90% LTV and below will be reduced by 15 bps and 2-year rates at 95% will be reduced by 30 bps.
These cuts are available across standard, homebuying, and retention ranges
The new rates will be available for brokers on Gen H’s panel from 5:30 pm on 23 April 2025.
VOLATILE MARKET
Pete Dockar (mai picture), Gen H Chief Commercial Officer, said: “With this latest rate cut, we’re doubling down on our mission to make homeownership possible for more people. The market is volatile, but as lenders, we can’t let this lock out those at the beginning of their journey.”
And he added: “We believe first-time buyers deserve better options, and we’re proud to be in the mix as lenders make positive moves across the market. And where buyers need a bit more assistance, our income booster proposition could make the most of these rate cuts and finally get keys into waiting hands.
