Generation Home reduces rates up to 20bps on five-year fixes | Mortgage Strategy

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Generation Home has introduced two-year fixed rate mortgage products and reduced rates across its five-year fixes.

The two-year range comes with a product fee of £999 fee up to 90% loan-to-value (LTV) all of which are sub-6%.

The 90% LTV two-year fixed has a rate of 5.99%, while the 85% LTV has a fixed rate of 5.93%.

Meanwhile, the five-year fixed rate range has been reduced by 15 to 20 basis points (bps) across the range. 

The 90% LTV five-year fixed, which has a product fee of £999 has reduced by 15bps from 6.69% to 6.54%, while the same product with no fee has gone down from 6.83% to 6.69%.

The 60%, 70%, 75% and 80% LTV five-year fixed, which has no product fee has been reduced by 20bps from 6.63% to 6.43%.

Generation Home commercial director Pete Dockar says: “We’re thrilled to be able to bring to market a new range of products with such competitive rates.”

“At Gen H, we believe that owning a home should be an opportunity for everyone. Being able to provide our unique proposition at high-street competitive rates takes us a step closer towards making this mission a reality.”


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