Here is the latest release from Gen H (Generation Home). To view our products or for more information and tools you need to control and develop your business, visit our website here or contact the Brilliant Solutions team.
Announcement
Gen H reduces rates for the second time in 4 working days
“If we can offer lower prices, we will,” says Gen H CCO Pete Dockar
LONDON, 1 Nov 2023 –– Gen H has announced a second round of rate reductions less than 4 working days after its last round of cuts. In the last week, the fintech lender has reduced rates by up to 57 bps cumulatively.
The most recent rate cuts are between 15 and 27 bps across the board. The new rates are already live for both broker and direct customers, and are testament to the lender’s commitment to passing on rate reductions whenever and however possible.
Highlights from the latest round of rate cuts:
- 80% LTV 2-year and 3-year rates down by 17 bps; 5-year rates down by 15 bps
- 85% LTV down by 20 bps for all tenors
- 90% LTV 2-year and 3-year rates down by 20 bps; 5-year rates down by 23 bps
- 95% LTV 2-year and 3-year rates down by 25 bps; 5-year down by 27 bps
With these reductions, Gen H’s 2-year 80%-LTV homebuying bundle product is amongst the most competitive in the market.* Gen H bundle products get discounted mortgage rates when customers bundle a Gen H mortgage with purchase conveyancing from Gen H Legal, the lender’s conveyancing arm.
Aspiring homeowners can combine these reduced rates with Gen H’s innovative tools and affordability features – especially the income booster, which continues to grow in popularity. By adding an income booster to their Gen H mortgage, customers can add their booster’s income to the mortgage, increasing much they can borrow and helping them buy sooner, afford more, and own flexibly.