Gen H has made rate reductions of up to 25 basis points across its product range.

The cuts are predominantly in the mid-LTV ranges, with reductions of up to 25bps on all products between 60% and 80% LTV, including interest only options.

Prices have also been trimmed by as much as 20 to 25bps on all capital repayment rates at 60% LTV, while 85% to 90% LTV two-year fixed rates have been lowered by 15 to 20bps.

The lender has also reduced part and part interest only products at 95% LTV by 15 to 20bps for two- and three-year fixed rates.

The new build boost rate has been cut by 20bps to 5.79%, which Gen H says is its lowest ever rate.

Gen H director of sales and distribution Sara Palmer says: “We know brokers are facing a challenging landscape, and ongoing market volatility is not making their job any easier. That’s why we felt it was critical to make a decisive move to pass on as many rate cuts as we possibly could.”