Gen H has announced reductions across its whole product range by up to 17bps for both broker and direct customers.

Details include the following:

• 5-year homebuying bundle rates at 95% LTV are now 5.86% (with £999 fee) and 5.92% (without fee)
• 5-year bundle rates at 90% LTV are now 5.78% (with £999 fee) and 5.84% (without fee)
• 2-year rates drop between 12 – 15bps across all products

Pete Dockar, Gen H chief commercial officer, said: “We don’t think it’s fair to penalise affordability or deposit-constrained borrowers with high rates. When customers use an income booster or deposit booster with Gen H, they know we’re offering the lowest rates we can.

“And this won’t change – as swap rates allow, we’ll be in lockstep with the Big 6, dropping our rates wherever we can.”