Additionally, 2-year rates up to and including 80 per cent LTV will decrease by 16bps and those 2-year rates above 80 per cent LTV are to fall by 10bps.
Release Freedom broker and director, Simon Bridgland, said: “Gen H have provided some much needed relief to soothe the pain borrowers have been feeling of late.”
This sentiment was shared by Harmony Financial Services director, Imran Hussain, who said: “I did not expect to see any rate cuts at a time where the majority of the market seems to be increasing rates.
“This is welcome news as I shall take every positive I can currently and I am sure borrowers will be the same.”
Thanks to the Newspage community for sharing their thoughts with FTAdviser
tom.dunstan@ft.com
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