Gen H has reduced its mortgage rates by as much as 0.25%, which it said was in “contrast” to the increases made by other lenders.
Gen H said its cuts would support first-time buyers, homemovers and remortgagors as other lenders increased their mortgage rates due to uncertainty ahead of the Budget.
Its five-year fixed rates at 90% and 95% loan to value (LTV) have been lowered by 0.25%, while two- and three-year fixed rates at the same tier have been lowered by 0.16%.
Meanwhile, its two- and three-year fixed mortgage rates up to and including 85% LTV will drop by 0.15% to 0.25%.
Peter Dockar, chief commercial officer at Gen H, said: “We’re delighted to introduce these rate cuts. We’re in the midst of another spate of volatility within the market and so we are thrilled to have been able to act positively and move rates in the right direction for our intermediary partners and their clients.”
Building a better PRS for all
With already complex regulation on landlords today and more changes on the horizon, Heather Cara,
Sponsored by BM Solutions
Clydesdale Bank ups mortgage rates
Meanwhile, Clydesdale Bank announced rate increases of up to 0.25%.
Across its core residential mortgages, select two- and five-year fixes between 65% and 80% LTV will be raised by as much as 0.25%.
Its exclusive two-year fixed product transfer rate at 65% LTV has gone up by 0.2%, while select exclusive two- and five-year fixed remortgages have risen by up to 0.1%.
Select five-year fixed purchase mortgage rates at 80-85% LTV have also gone up by as much as 0.1%, while two- and five-year fixed large loan rates rose by up to 0.25%.
Across its professional range, Clydesdale Bank increased select two- and five-year fixes by up to 0.2%, and its two-year discount offset rates for residential borrowers have gone up by 0.25%.
The lender has also increased five-year fixed buy-to-let (BTL) rates at 60-75% LTV by up to 0.1%.
