Gen H has cut rates across its entire product range for brokers and direct customers by up to 17 basis points. 

Highlights of the fintech lenders reductions include:  

• Five-year homebuying bundle rates at 95% loan to value are now 5.86%, with a £999 fee. And 5.92% without fee  
• Five-year bundle rates at 90% LTV are now 5.78%, with a £999 fee. And 5.84% without fee  
• Two-year rates drop between 12bps and 15bps across all products 

Gen H chief commercial officer Pete Dockar says: “We don’t think it’s fair to penalise affordability — or deposit-constrained borrowers with high rates.  

“When customers use an income booster or deposit booster with Gen H, they know we’re offering the lowest rates we can.

“And this won’t change – as swap rates allow, we’ll be in lockstep with the Big Six [mortgage lenders], dropping our rates wherever we can.”