Generation Home has reduced rates between 15 basis points and 30bps on its entire range.

These reductions mean the lender will be reintroducing 4% rates at select loan-to-value (LTVs).

Existing customers taking a five-year product at any LTV can now lock in a 4.86% rate while new customers taking a low-LTV homebuying bundle product can lock in a 4.95% rate with a £999 fee or a 4.92% rate with a £1,499 fee.

Highlights include: – Core and homebuying ranges are reduced by 15bps – Two-year 60% LTV rates are reduced by 25bps – Retention range for existing customers is reduced by 30bps – 25bps reductions to standard variable and tracker rates, bringing both to 7%

In addition, the lender has reduced its standard variable rate and base rate trackers in line with the Bank of England’s interest rate cut of 0.25% on Thursday last night.

Gen H chief commercial officer Peter Dockar says: “I’m delighted to introduce these rate cuts off the back of this week’s base rate move, not just for the benefit of first-time buyers or home movers but for our existing customers as well.”