Gen H has cut rates by 25 basis points on the two-year rate of 85% and 90% LTV.
The lender has also made adjustments to the broader scope. These include rate cuts of 6 basis points on two-year rates with an LTV of 70% to 80% and cuts of 25 basis points on two-year rates with an LTV of 85% to 90%.
Meanwhile, the lender has increased prices by 14 basis points for two-year rates at a 60% LTV, by 10 basis points for three-year rates and by 5 basis points for five-year rates up to 80% LTV.
The new rates are already available to brokers on the Gen H panel.
Meanwhile, Perenna has expanded its product offering with the launch of a five-year fixed rate mortgage product.
The new products will be available exclusively through brokers from December 11, with rates starting from 4.68% for a five-year fixed purchase at 60% LTV, with a fee of £995.
Colin Bell, co-founder and chief operating officer of Perenna, said: “Perenna is committed to providing flexible, secure mortgage options in a market that is struggling to give borrowers what they really need: long-term financial stability without sacrificing flexibility.”
“Our new five-year fixed term is a direct response to broker and customer demand, and the team has worked hard to provide a solution to underserved segments that need certainty and choice.”
The announcement follows the rollout of Perenna’s fixed rate products with terms of seven, ten and fifteen years.