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 cuts 80% LTV rates and below by 25 bps
In a rising rate environment, the fintech lender announces range-wide decreases to support homebuyers and remortgagers
LONDON, UK, 13 May 2024 – Gen H has announced it will reduce rates across its residential mortgage range to support more aspiring homeowners and remortgagers.
The new rates will come into effect at 5:30 pm on 13th May 2024.
Here are the highlights:
- Low-LTV product rates – up to and including 80% LTV – will be reduced by 25 bps
- High-LTV product rates will be reduced by 5 bps
The announcement comes following a busy month for the lender despite the challenging rates environment. This signals that such reductions could enable further uptake of Gen H’s unique proposition and innovative criteria by homeowners and remortgagers made hesitant by recent market-wide rate increases.
These rates are available for aspiring first-time buyers, homemovers and remortgagers who come to the lender via mortgage broker.
Pete Dockar, Gen H Chief Commercial Officer, said,“Those who have worked with Gen H know that we take every opportunity to reduce our rates, and this is one such occasion where we’re able to move quickly for the benefit of our customers. With the timings of any base rate reduction still far from clear cut, we recognise that homeowners need all the support they can get. We’re happy to be there for them in every way we can – whether that’s with a significant rate reduction or our flexible lending criteria.”