Gen H has made sweeping rate cuts on all products up to and including 80% LTV – including its recently launched New Build Boost product.
Gen H has reduced all 2-year rates up to and including 80% LTV by 15 bps; all 3- and 5-year rates up to and including 80% LTV by 20 bps and New Build Boost rate by 20 bps to 6.29%.
These rates are available in combination with Gen H’s suite of boosts, including its income booster and deposit booster products and its flexible criteria.
SILVER LININGS
Pete Dockar, Chief Commercial Officer at Gen H, said: “We’re a big fan of silver linings here at Gen H. So, while we’re seeing a lot of economic volatility on both national and international stages, there’s an upside: today, we can offer sweeping rate cuts across much of our range.
“We’re always looking for opportunities to price down, and we’re delighted to include our New Build Boost rate within these cuts.
“It’s our mission to help everyone access homeownership, and I’m hopeful that for some aspiring buyers out there, these rates will help them finally get their keys.”
GREATER FLEXIBILITY
Gen H also recently introduced a £499 product fee to provide greater flexibility for brokers and their clients.
Only approved brokers can advise on New Build Boost where the buyer brings a 5% deposit, they take an 80% LTV mortgage from Gen H, and get a 15% interest-free boost to close the gap.
The scheme is supported by house builders and administered by Gen H.
