Gen H launches 3.94% 5-year mortgage rate before Christmas

December 20, 2023
London, UK

Ahead of the holidays, Gen H has reduced rates across their product range and launched a 3.94% interest rate for their 5-year 60%-LTV homebuying bundle product. The standard range with-fee product for the same term and LTV is 3.99%.

These rates come into effect for Gen H’s broker panel this evening, Thursday 21st December at 8.30pm. 

With these reductions, aspiring homeowners, homemovers and remortgagers in England and Wales will be able to lock in a residential mortgage with the most affordable residential rates since the beginning of Liz Truss’s term as Prime Minister. 


  • 3.94% rates on 5-year 60%-LTV with-fee homebuying bundle products; 3.99% on 5-year 60% LTV standard with-fee products
  • 5-year rates on with-fee products up to and including 80% LTV are all sub-5%
  • Reductions across all other products up to 15 bps 

Aspiring homeowners have faced obstacle after obstacle over the last several years, causing many to believe that homeownership is outside the realm of possibility. 

But there is more support in the market for would-be buyers than they may realise – and if the right time to buy a home is “when you can afford it”, Gen H’s reduced rates and unique affordability features could inspire hope for those who previously felt homeownership was out of reach.

Aspiring buyers who are hoping to buy could consider Gen H’s income booster. The income booster is a reinvented JBSP that unlocks family support for more people. 

Applicants can add up to 6 incomes including their own to a mortgage, boosting the amount that they can afford to borrow, allowing them to buy sooner or buy a home that better fits their needs. Income boosters – close family members – can contribute to the monthly payments or just stay on standby. 

Thanks to Gen H’s ejector seat, income boosters can be removed from the mortgage before they turn 85. This expands the realm of familial support typically available to buyers, and is the only product of its kind in the market.

Pete Dockar, Chief Commercial Officer at Gen H, said:

“2023 started with a bang at Gen H, when we were the cheapest residential lender in market. I’m delighted to end the year in much the same way. Our mission is to help more aspiring buyers access the life-changing milestone that is homeownership, and we hope these rates will be a welcome gift to many this holiday season. We want people to believe that homeownership isn’t out of reach for them – and our job won’t be done until this is true for everyone.”

For editors

Pete Dockar is available for interviews or further comment on this topic. 

Gen H is a fintech mortgage lender founded in 2019 with the goal of helping everyone become a homeowner. Gen H takes a customer-first, tech-led approach to lending, prioritising fair prices, flexible criteria and exceptional customer service for a seamless and supportive borrowing experience. Products are available online and through select clubs and networks such as the Legal & General Mortgage Club, PRIMIS, TMA Club, and Simply Biz. 

Gen H is authorised and regulated by the Financial Conduct Authority. Our Financial Services Register number is 921355.

Gen H Legal is the conveyancing arm of Gen H. Gen H Legal takes as its ethos an uncompromising commitment to customer experience and transparency for a supportive, stress-free conveyancing process. Gen H Legal is available to customers of Gen H and clients of brokers on Gen H’s intermediary panel. 

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Media contact:

Leanne Sarjant