Gen H has launched another round of rate cuts with new sub-5% LTV products.

The reductions are between 20 and 50 bps across their 60%, 70%, 75% and 80% LTVs at two, three and five-years.

The lender has introduced new homebuying bundle rates including a two-year 60% LTV at 4.99%, three-year at 4.84% and five-year at 4.87% (all with £999 fee).

The latest round of rate cuts include the following:

• 60% LTVs are reduced by 32 bps for five-year deals
• 60% LTV reduced by 50 bps for two and three-year deals
• 70%, 75% and 80% LTVs are down by 20 bps for two-year, 22 bps for three-year and 26 bps for five-year deals
• 85%, 90% and 95% LTV rates remain unchanged.

Pete Dockar, chief commercial officer, said: “It has been a very busy few weeks for our team as we’ve taken every opportunity to reduce our rates. This is one of the benefits of our tech-led business model – we are able to pivot fast if it benefits our customers, and lower rates always do. These cuts are giving our customers even more options.

“Now, we’re heading into December with optimism and are thrilled we’ve been able to move at pace to introduce selected sub-5% rates before Christmas, all while continuing to develop the innovative features that give so many buyers a much-needed boost onto the property ladder.”