Residential lender Gen H has announced a fresh round of mortgage rate reductions, targeting borrowers with smaller deposits.

The changes, effective from today, mark the second rate cut by the lender in as many weeks and apply primarily to loans at 85% loan-to-value and above. Standard two-year fixed rates in this bracket have been reduced by 25 basis points, while three- and five-year rates have been cut by up to 18 basis points. Smaller improvements have also been made to the lender’s bundled homebuying products.

The repricing is intended to make borrowing more accessible for those with limited equity and comes alongside a range of product enhancements designed to address structural barriers to homeownership. These include Gen H’s income booster and deposit booster tools, as well as the recently launched New Build Boost — a proprietary private mortgage scheme targeting customers without family support and struggling to raise a deposit.

The lender has also continued to invest in technology aimed at supporting intermediaries, with the latest version of its Gen H Pro platform improving packaging processes for complex cases. The update aims to reduce administrative burdens while maintaining a human-led approach to decision making.

Pete Dockar, chief commercial officer at Gen H, said the rate cuts were a timely move to assist buyers in an unusually favourable market window.

“We’re delighted to expand our recent series of rate cuts to include our high LTV products,” said Dockar. “Market conditions are lending themselves ever so slightly to the benefit of first-time buyers, with a gentle market lull following the stamp duty deadline and, indeed, Trump’s tariffs driving swap rates down. As ever, we’re moving quickly to benefit as many aspiring homeowners as we can, and making hay while the sun shines.”

The new rates are now available to all brokers registered with the Gen H panel.