Generation Home (Gen H) has cut rates by up to 14 basis points on its homebuying bundle and retention ranges.

Bundle rates up to and including 85% loan-to-value (LTV) have been reduced by 9 basis points while bundle rates for 90% and 95% LTV have been cut by 14bps.

Meanwhile, retention rates have been lowered by 9bps.

The rates are already live for intermediaries on the lender’s panel.

Gen H chief commercial director Pete Dockar says: “At times like these, every decrease in rates really matters. First-time buyers will be extremely motivated to complete before the end of stamp duty relief, and we want to support them as best we can.”