Generation Home (Gen H) and Catalyst Property Finance have announced rate reductions.

Gen H has made rate cuts across standard and home buying bundle ranges at 90% loan-to-values (LTV) and 95% LTV.

As part of the cuts, five-year 90% and 95% LTV rates were lowered by 12 basis points while two- and three-year 90% and 95% LTV rates were reduced by 10 basis points.

The new rates are already live for intermediaries on Gen H’s panel.

Meanwhile, Catalyst has made rate reductions across its property finance range, with lower-cost loans available for bridging, refurbishment, commercial bridging, ‘flexible’ bridging and specialist buy-to-let (BTL).

The lender’s latest rates for unregulated bridging, auction, development exit, finish and exit finance start from 0.79% per month.

Refurb finance with cost of works up to 50% of open market value (OMV) will start from 0.85% pm while refurb finance with cost of works from 50% to 100% of OMV will start from 0.89% pm.

Further changes include:

• Refurb finance with cost of works over 100% of OMV from 0.97% pm • ‘Flexible’ bridging (adverse credit, inexperienced borrowers, reduced personal guarantees) from 0.99% pm • Commercial bridging at BBR +7.50% pa • Specialist BTL (Latitude) at 8.75% pa.

The lender is also increasing leverages by 5% on its second charge and commercial products, both now offering loans to 70% of 180 value.

Catalyst marketing director Anna Bennett says: “Alongside the reprice, we’ve taken the opportunity to evolve and improve our product offering.”

“Brokers who have worked with Catalyst before may notice that our range has become a little more streamlined, our criteria simplified, and we’ve refreshed our product guide design. We’re still offering the same wide range of funding solutions and ‘Catalyst style’ product flexibility, but in an easier to digest format.”