Gen H has cut selected residential mortgage rates by up to 30 basis points, with the largest reductions applying at 95% LTV.

The lender has reduced rates across its two, three and five-year fixed ranges following a fall in swap rates, however it has also made a few increases of up to 13bps.

Fee-free two-year fixed rates have been cut by between 14bps and 30bps across most LTV tiers from 60% to 95%, including a 30bps reduction at 95% LTV.

Three-year fee-free rates have fallen by between 10bps and 22bps across most LTVs from 60% to 95%, while five-year fee-free products at 90% and 95% LTV have been reduced by between 7bps and 12bps. At 60% LTV, Gen H’s fee-free two-year fix has fallen by 29bps to 6.09%.

Products with fees have been cut by up to 21bps.

Its lowest new customer rates now include a two-year fix at 5.79% at 60% LTV with a £1,499 fee, and a fee-free equivalent at 6.09%.

At 70% to 80% LTV, its lowest two-year fixed rate is 5.94% with a £1,499 fee, or 6.14% with no fee.

At 85% and 90% LTV, five-year fixed rates start at 6.59% with a £1,499 fee or 6.69% fee-free.

At 95% LTV, five-year fixes start at 6.69% with a £1,499 fee or 6.79% with no fee.

Gen H has also increased selected rates, with rises of up to 13bps across some 85% LTV products and up to 16bps on parts of its retention range.

Gen H chief distribution officer Sara Palmer says: “Swap rates have come down ever so slightly and we’re passing that on, with our biggest reductions for buyers with the smallest deposits.

“Many of our borrowers need the flexibility that our criteria and income booster give them, and these cuts make that borrowing more affordable.”