Gen H has announced further rate reductions of up to 26 bps.

This is the lender’s third set of rate reductions in nine working days.

The most recent cuts are between 17 and 26 bps across its 2, 3 and 5-year products.

The new rates are already live for both broker and direct customers.

Highlights from the latest round of rate cuts:

• 2-year rates reduced by up to 17 bps
• 3-year rates reduced by up to 26 bps
• 5-year rates reduced by up to 23 bps

Pete Dockar, chief commercial officer at Gen H, said: “We promised to reduce where and when we could, and again we’re doing just that. We are in a unique but often beneficial position in the market when it comes to our ability to move quickly on rate reductions.

“We’re thrilled that for a third time in a few short weeks we’ve made yet another round of cuts to support our intermediary partners and their clients as we head into the Christmas season.”