Specialist lender Gen H has announced mortgage rate reductions of up to 50 basis points across its complete product range
The rate cuts, which come into effect for intermediaries at 5:30pm today, apply to products across all loan-to-value (LTV) bands, including its flagship New Build Boost offering.
The lender confirmed that two-year fixed rates at 60% LTV have been reduced by 50 bps, while 80% LTV products are down by 30 bps. Borrowers with smaller deposits will also benefit, with two-year fixes at 90% and 95% LTV down by 20 and 15 bps respectively.
Reductions extend to three and five-year fixes, with cuts of 10–30 bps and 5–20 bps respectively. Gen H’s New Build Boost, which has attracted growing attention since its launch earlier this year, will see its rate trimmed by 10 bps to 6.29%.
The changes signal a clear move by Gen H to support buyers navigating the UK’s challenging housing market, particularly those attempting to access homeownership for the first time.
Pete Dockar, chief commercial officer at Gen H, said: “For those in the industry, rate reductions can feel like a nice bit of news – but for real people, cuts can be the difference between owning a home or staying locked in the rental cycle.
“We’re proud to be a lender that creates truly incremental homeowners, helping individuals and families who might otherwise find homeownership out of reach. With these significant reductions, we’re not just lowering rates – we’re bringing down the cost of new homeownership.
“Our team is delighted to deliver these cuts to market today, and I hope to see these rates help even more aspiring homeowners find their place on the ladder.”
