Generation Home has lowered its rates across all loan-to-value (LTV) bands for two- and five-year mortgage product ranges. 

The two-year fixed has been reduced by up to 30 basis points while the five-year fixed has gone down by 40bps. 

The 80% LTV two-year fixed with a fee of £999 has been reduced by 25 basis points from 5.75% to 5.50% while the 80% LTV two-year fixed with no fee has gone down by 30 basis points to 5.83%.

Meanwhile, the 80% LTV five-year fixed with a fee of £999 has been reduced by 40 basis points to 5.84% while the 90% LTV five-year fixed with a fee of £999 has gone down by 40 basis points to 6.04%.

Generation Home commercial director Pete Dockar says: “In a time where many other lenders are stepping back, we are stepping up. We offer market leading rates as well as approving applications in half the time it takes the big lenders.”

Last month, Generation Home further reduced rates on its two-year fixed mortgages with fees, by up to 24bps.