Gen H launches sub-5% products, reducing rates by up to 50bps

The fintech lender has announced reductions across its 60%, 70%, 75% and 80% LTV products.

Related topics:  Mortgages
Rozi Jones | Editor, Barcadia Media Limited
20th November 2023
house with percentage sign
"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"
- Pete Dockar, chief commercial officer at Gen H

Gen H has launched new sub-5% mortgage rates following its latest round of rate cuts.

The reductions are between 20 and 50 bps across its two, three and five-year fixed rates at 60%, 70%, 75% and 80% LTV.

Five-year fixed rates at 60% LTV have reduced by 32bps, while two and three-fixes are down by 50bps.

70%, 75% and 80% LTVs are down by 20 bps for two-year fixes, 22 bps for three-year rates and 26 bps for five years.

New homebuying bundle rates include a 4.99% two-year fixed rate at 60% LTV, a three-year fix at 4.84%, and a five-year fix at 4.87%, all with a £999 fee.

85%, 90% and 95% LTV rates remain unchanged.

Chief commercial officer at Gen H, Pete Dockar, 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.”

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