Gen H has announced reductions across its five-year product ranges and introduced a new set of three-year products.

Across the five-year product range, Gen H has reduced rates by up to 42 bps.

Five-year rate changes include:

• Rates on five-year fixes at 70% and 75% LTV with £999 fee down by 37 bps to 4.52%
• Rates on five-year fixes at 70% LTV and 75% LTV with no fee down by 42 bps to 4.57%
• Rates on five-year fixes at 80% LTV with £999 fee down by 28 bps to 4.61%
• Rates on five-year fixes at 80% LTV with no fee down by 36 bps to 4.63%.

Newly introduced three-year rates include:

• Rates on three-year fixes at 60% LTV with £999 is 4.80%
• Rates on three-year fixes at 70% and 75% LTVs with £999 fee is 4.83%
• Rates on three-year fixes at 60, 70% and 75% LTVs without fee is 4.86%
• Rates on three-year fixes at 80% LTV with £999 fee 4.89%.

This change follows the lender’s recent introduction of a new set of intermediary exclusives, including free valuations, as the lender moves to streamline and strengthen its relationships with its broker partners.

In January, Gen H’s average application-to-offer time was 2.5 days.

Pete Dockar, Gen H commercial director, said: “Aspiring homebuyers today may feel they’re facing a deeply uncertain economic landscape. These rate changes and introductions reflect our commitment to helping everyone find their place on the property ladder – whether they’re looking for flexibility with a three-year fixed rate or certainty and peace of mind with a competitive five-year rate.

“We are thrilled to continue to act quickly and in the best interests of our customers and broker partners.”