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 announces third notable rate reduction in 9 working days
The fintech lender continues to demonstrate its commitment to providing customers with the lowest rates possible
LONDON, 7 Nov 2023 –– Gen H has announced further rate reductions of up to 26 bps. This is the lender’s third set of rate reductions in 9 working days.
The most recent cuts are between 17 and 26 bps across their 2-, 3- and 5- year products.
The new rates are already live for both broker and direct customers, and are fulfilling the fintech lender’s commitment to continuing to pass on rate reductions whenever and however possible. With the Bank of England holding the base rate steady last week, Gen H were able to move quickly and price down accordingly
Highlights from the latest round of rate cuts:
- 2- year rates reduced by up to 17 bps
- 3- year rates reduced by up to 26 bps
- 5- year rates reduced by up to 23 bps
Gen H launched into the market in 2020 creating a unique product offering to help unlock homeownership for more aspiring buyers. Their features since then have supported thousands of buyers, and has continued to help those affordability and deposit constraints.
Their income booster feature tackles the challenge of affordability, and the lender’s unique ability to extend the mortgage term beyond their maximum lending age has provided a revolutionary solution to the challenges of a Joint borrower Sole Proprietor mortgage.