Gen H has cut rates across its entire product range by up to 25 basis points, which will see homebuying bundles and standard five-year deals up to 80% loan to value start at sub-5% prices.  

Other highlights among the specialist lender’s sixth round of rate reductions over the last three months include:  

• 60%, 70%, and 75% LTV rates, down by up to 20 bps  
• 80% LTV, down by up to 25 bps  

The firm’s homebuying bundles offer discounted mortgage rates and free valuations when borrowers use the firm’s legal and conveyancing services.   

Earlier this week, the lender rolled out an automated mortgage packaging service with Google Cloud, which uses artificial intelligence software to categorise documents for brokers to speed up applications.  

Last month, it began using Experian’s Score Boost data as part of its credit decisions, which take into account recurring expenses such as Netflix, Spotify or council tax, that do not usually count towards credit scores.  

Gen H chief commercial officer Pete Dockar says: “It’s been a hugely busy few months for us at Gen H, between our rapid rate reductions and our launches with Experian and Google Cloud.”