Gen H will cut fixed-rate residential products by as much as 30 basis points from Monday (22 July).

The lender will reduce home loan fixes by between 10bps and 30bps, as firms anticipate an expected late summer base rate cut from the Bank of England in August or September.  

Highlights of reductions by Gen H include:  

• Rates up to and including 80% LTV are reduced by 15bps  
• 85% and 90% LTV two- and three-year rates are reduced by 10bps; 5-year by 15bps  
• 95% LTV two- and three-year rates are reduced by 20bps; five-year by 30bps  

On Wednesday, the lender also loosened its criteria to accept nieces, nephews and friends as income boosters for its loans.

Friends will be able to act as income boosters on mortgages up to and including 80% loan-to-value.  

Nieces and nephews will also be able to act as income boosters on mortgages up to and including 95% LTV.