Generation Home (Gen H) has launched its second round of rate cuts of the year across its two- and five-year product ranges by up to 18 basis points. 

The digital lender says highlights include:  

• Two-year fixes at 75% loan to value, with a £999 fee have been reduced by 18 bps to 4.79% 
• Two-year fixes at 80% LTV, with a £999 fee have been cut by 10 bps to 4.87% 
• Two-year fixes at 90% LTV, with a £999 fee are down by 5 bps to 5.25% 

The firm adds that it has reintroduced its first sub-5% five-year fixed rate since the summer of 2022, at 4.99%. 

Last week, the lender cut two-year fixed rates on products between 60% and 80% LTV by 6bps to 5.19%, with no fee. 

It also replaced its standard variable rate of 7.5% with a Bank of England Base Rate Tracker +3% for a reversion rate of 6.5% and reduced its mortgage rate stress assumptions. 

Gen H commercial director Pete Dockar says: “We announced our decision to replace our SVR with a reversionary tracker rate to provide fairer, more transparent mortgages for our customers.  

“Further driving rates down today demonstrates our total commitment to this customer-first approach.”