Gen H Reduces Rates up to and including 80% LTV

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generation home logoGen H slashes rates on products up to 80% LTV

The announcement follows the launch of the lender’s first-of-its-kind first-time buyer bundle

LONDON, 22 Mar 2023 –– Gen H has announced reductions on all of its products up to 80% LTV by up to 15 bps. The new rates are already live for both broker and direct customers.

Gen H slashes ≤80% LTVs

Recognising that the cost of a mortgage continues to be a limiting factor for many aspiring owners, Gen H remains committed to keeping prices as low as they can. The reduced rates are as follows:

First-time buyer bundle highlights:

  • Rates on 2-year with fee products at 60%, 70%, 75% and 80% reduced to 4.64%.
  • Rates on 5-year with fee products at 60%, 70%, 75% and 80% reduced to 4.45%.

Standard range highlights:

  • Rates on 2-year with fee products at 60%, 70%, 75% and 80% reduced to 4.99%.
  • Rates on 5-year with fee products at 60%, 70%, 75% and 80% reduced to 4.59%.

First-time buyer bundle launches to great popularity

Gen H’s recently launched their first-time buyer bundle, which gets exclusive reduced mortgage rates, conveyancing with Gen H Legal and free valuations for aspiring homeowners. The successful launch of the bundle shows that, in addition to competitive pricing, first-time buyers are motivated by the simple, seamless homebuying solution that Gen H has created.

Gen H launches with L&G’s SmartrFit

Yesterday, Gen H launched their affordability calculator with L&G’s SmartrFit tool. This integration makes it easier than ever for brokers to run affordability on Gen H products based on the specific requirements of their clients.

Gen H Commercial Director Pete Dockar said,

“As ever, the Gen H team are continuing on our mission to create innovative solutions for aspiring buyers. The launch of the first-time buyer bundle last week realises our vision of ‘homebuying all under one roof’, a seamless, simple buying experience for those buying their first homes. This, partnered with our rate reductions, demonstrates our commitment to keeping our prices fair and accessible to as many aspiring homebuyers as possible.“