Gen H has lowered mortgage rates by up to 0.2%.
Changes have been applied to several of its product ranges, including cuts of 0.2% to its five-year fix at 60% loan to value (LTV), reductions of 0.15% across five-year fixes at 70-80% LTV, and cuts of 0.1% across three-year fixes at 60-80% LTV.
Additionally, two-year fixes at 70-80% LTV have gone down by 0.1%, and the two-year fix at 60% LTV has been reduced by 0.05%.
Further, cuts of 0.05% have been made to all deals at 90% LTV, and its New Build Boost rate has been cut by 0.1% to 5.79%.
The New Build Boost product is similar to a Help to Buy loan, allowing borrowers to pay interest on an 80% mortgage while borrowing up to 95% LTV, with the 15% element funded by the housebuilder.
Sara Palmer, sales and distribution director at Gen H, said: “Gen H is a fintech lender, which affords us one major advantage: agility.
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“Swaps moved in the right direction this week and our pricing committee took every opportunity to make cuts wherever we could. Now it’s over to our intermediary panel to get these rates to the right clients.”
Keystone Property Finance trims all mortgage rates
Keystone Property Finance has reduced rates across its new business and product transfer ranges.
This comes a week after the lender reduced pricing across the same ranges.
The latest cuts include reductions of 0.05% across all new business products, including Keystone Property Finance’s standard, specialist, expat and holiday let deals.
Following the changes, standard rates start at 2.74%, specialist at 2.79%, expat pricing at 4.09% and holiday let pricing at 4.84%. Its product transfer and product transfer plus rates begin at 4.44%.
Elise Coole, managing director at Keystone Property Finance, said: “We’re pleased to be able to reduce rates again so soon after last week’s changes. As market conditions continue to improve, we’re focused on moving quickly to ensure brokers and their clients benefit from lower pricing as soon as possible.
“By cutting rates across both new business and our PT and PT Plus ranges, we’re supporting landlords at every stage of their journey, whether they are expanding their portfolios or reviewing their existing borrowing arrangements.”
Principality BS rejigs rates
Principality Building Society has adjusted some of its rates, with some increases and some cuts.
Reductions across its residential mortgage range include cuts of up to 0.1% to selected two-, three- and five-year fixes, applied to standard, joint borrower sole proprietor (JBSP) and cashback options up to 90% LTV.
Its five-year fixed buy-to-let (BTL) rates have been cut by as much as 0.11%, and holiday let rates by as much as 0.2%.
Meanwhile, selected holiday let rates are increasing by up to 0.17%.
Principality Building Society has also launched a two-year fixed BTL product at 60% LTV, with a £5,000 fee that is payable upfront.
