Gen H has issued a series of rate reductions to support aspiring first-time buyers, home movers and remortgagers.

The latest reductions include:

• 5-year rates up to and including 80% LTV decreasing by 25 bps
• 5-year rates above 80% LTV  decreasing by up to 19 bps
• 3-year rates up to and including 80% LTV decreasing by up to 13 bps
• 3-year rates above 80% LTV  decreasing by up to 10 bps
• 2-year rates up to and including 80% LTV  decreasing by up to 16 bps
• 2-year rates above 80% LTV  decreasing by up to 10 bps

Pete Dockar, Gen H’s chief commercial officer, said: “It’s been an interesting week for the mortgage market – and it’s only Tuesday! There were rate increases from big lenders on Monday, but thanks to our nimbler approach we’ve instead been able to make some meaningful reductions.

“It’s a challenging environment for buyers, so it’s more important than ever that we act fast when we can to equip our intermediary partners with the tools and rates they need to support their clients.”