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Generation Home (Gen H) has updated its stress test rate to differentiate between its two-, three- and five-year products. The change will enable homeowners to borrow up to 25% more on a five-year product. The lender has also introduced two new loan-to-income multiple (LTI) caps. Applications with a gross income of
Gen H has made changes to its residential stress rates to help improve the affordability of its options to borrowers.
Generation Home (Gen H) has reduced rates by up to 10 basis points on three- and five-year 90% and 95% LTV products. The specialist lender has also increased selected homebuying products by two and five basis points. The new rates will take effect today (19 February) at 5:30 pm. The rate changes follow a record
Mortgage lender Gen H has hired Karen Appleton as head of lending. Appleton has spent 25 years in the industry and joins from Skipton Building Society, where she spent nine years, most recently as head of lending, and was instrumental in reducing the lender's underwriting turnaround times from 17 days to same=day. In
The mortgage rate war in the new year is heating up as lenders make further cuts in a bid to woo borrowers. HSBC and Gen H have set the benchmark in latest round of fixed rates cut. The high street lender has brought its five-year fixed rate for remortgage customers below 4% with a headline rate of 3.94% for those