Gen H has cut rates on all its products with up to 80% loan-to-value, saying it recognises that ‘mortgage costs continue to be a limiting factor for aspiring homeowners’.

The reduction of up to 15 basis points is now live for both broker and direct customers.

For first-time buyers, the rates are now as follows:

• Two-year with fee products reduced to 4.64% for 60%, 75% and 80% LTV
• Five-year with fee products reduced to 4.45% at the same LTVs

The standard range highlights include:

• Two-year with fee products reduced to 4.99% at 60%, 75% and 80% LTV
• Five-year with fee products reduced to 4.59% at the same LTVs

The rate cut announcement follows the recent of launch of Gen H’s new first-time buyer bundle which offers exclusive reduced mortgage rates, conveyancing with Gen H Legal and free valuations for those looking to get on the property ladder.

Gen H commercial director Pete Dockar said: “As ever, the Gen H team are continuing on our mission to create innovative solutions for aspiring buyers. The launch of the first-time buyer bundle last week realises our vision of ‘homebuying all under one roof’, a seamless, simple buying experience for those buying their first homes.

“This, partnered with our rate reductions, demonstrates our commitment to keeping our prices fair and accessible to as many aspiring homebuyers as possible.”