Gen H has cut rates by up to 14 basis points (bps) across its homebuying bundle and retention mortgage ranges.

The homebuying bundle consists of a Gen H mortgage with conveyancing from Gen H Legal, the lender’s “boutique” conveyancing firm.

Changes include the following:

● Bundle rates up to and including 85% LTV have been cut by 9bps
● Bundle rates for 90% and 95% LTV have been cut by 14bps
● Retention rates have been cut by up to 9bps

Rates in the core range are unchanged.

“First-time buyers will be extremely motivated to complete before the end of stamp duty relief”

Gen H Legal operates independently of Gen H as a lender, and currently has a 5-star rating on Google.

Pete Dockar, chief commercial director at Gen H, said: “At times like these, every decrease in rates really matters. First-time buyers will be extremely motivated to complete before the end of stamp duty relief, and we want to support them as best we can.

“With Gen H Legal on their side, they’ve got a fighting chance. As always, we’ll look for other opportunities to price down in the coming weeks.”

HOMEBUYING BUNDLE DEMAND

Rebecca de Andrade, head of legal practice at Gen H Legal, added: “Our team has been delighted by the uptake of the homebuying bundle.

‘We’re pleased to see buyers benefit from lower rates and from the dedicated support our team is able to provide.

“We understand the pressure that first-time buyers will be facing in the coming months, and we’re here for them – today and always.”