Gen H has made a second round of rate reductions four working days after its last round of cuts.

Over the last week, the lender has reduced rates by up to 57 bps in total.

These latest rate cuts are between 15 and 27 bps and include the following:

• 80% LTV two-year and three-year rates down by 17 bps; five-year rates down by 15 bps
• 85% LTV down by 20 bps for all tenors
• 90% LTV two-year and three-year rates down by 20 bps; five-year rates down by 23 bps
• 95% LTV two-year and three-year rates down by 25 bps; five-year down by 27 bps

Pete Dockar, chief commercial officer at Gen H, said: “We have always worked to offer the most competitive pricing we can for our customers. This week, we’ve had two opportunities to cut our rates and pass the benefits onto aspiring homeowners, and we’ve jumped on both.

“We’re glad to deliver these lower rates to both our direct and broker customers, and we remain committed to this approach. If we can offer lower prices, we will.”