Gen H has reduced selected fixed rates by up to 20 basis points (bps) as it looks to improve pricing across key LTV tiers.

The changes are live and available to intermediaries on the lender’s panel, with the most significant reduction applied to its five-year 60% LTV product, which falls by 20bps.

Five-year fixes at 70% to 80% LTV have been cut by 15bps, while three-year products at 60% to 80% LTV are down by 10bps.

Within its two-year range, 70% to 80% LTV products have reduced by 10bps, with the two-year 60% LTV option lowered by 5bps. All 90% LTV products have also been reduced by 5bps.

The lender has also trimmed the rate on its New Build Boost product by 10bps, taking it to 5.79%.

Under the New Build Boost structure, buyers pay interest only on their 80% mortgage element, meaning monthly payments can be comparable to typical 95% LTV products despite the larger overall loan.

The pricing move comes during an active first quarter for the business. Gen H launched into Scotland on 9 February in an exclusive partnership with Mortgage Advice Bureau, with plans to widen its broker panel north of the border in the coming months.

Sara Palmer, sales and distribution director at Gen H, said: “Gen H is a fintech lender, which affords us one major advantage: agility.

“Swaps moved in the right direction this week and our pricing committee took every opportunity to make cuts wherever we could.

“Now it’s over to our intermediary panel to get these rates to the right clients.”