Gen H has announced mortgage rate cuts of up to 25 basis points (bps).
The lender says it has launched a series of “punchy” rate reductions to support aspiring first-time buyers, home movers and remortgagers.
Changes include the following:
– 5-year 90%/95% LTV rates will decrease by 25 bps
– 2- and 3-year 90%/95% LTV rates will decrease by 16 bps
– 2- and 3-year rates up to and including 85% LTV will decrease by 15–25 bps
Peter Dockar, chief commercial officer at Gen H, said: “We’re delighted to introduce these rate cuts today. We’re in the midst of another spate of volatility within the market and so we are thrilled to have been able to act positively and move rates in the right direction for our intermediary partners and their clients.”
