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Gen H rate cuts

ended 01. November 2023

Gen H has today 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. 

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

Any thoughts, send them across ASAP as this story is BREAKING.

1 responses from the Newspage community

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Gary Bush
Financial Adviser at MortgageShop.com
The lender Generation H lowering their fixed rate offerings again in a week is very promising news - we like what we see from this lender, they seem public-focused. I think I'd like to see them tackle the Shared Ownership mortgage market with some of their breaths of fresh air - to simply offer the same as everyone else as a newcomer is quite a tricky stance. We are keeping our eye on them.