Gen H hikes rates by up to 29bps and other lenders reprice

Gen H is raising some of its rates tomorrow by up to 29 basis points while also lowering prices on retention deals.

At the same time, Bank of Ireland and Landbay have announced rate cuts and Foundation is withdrawing a number of products.

Gen H says it is putting up rates on some deals “to protect our customer service levels” after a busy week.

The biggest increases are to its homebuying bundle deals, which are rising by up to 29bps.

Rates in its standard range are increasing by 10bps.

The lender’s retention rates are dropping by 15bps so that five-year fixes at 90% LTV now start from 4.82%.

Bank of Ireland is cutting rates on residential deals at 75% LTV tomorrow by up to 20 bps.

Following the changes, a two-year fix with a £1,495 fee and £300 cashback will come down from 4.55% to 4.35%.

More to follow…