Halifax Intermediaries has cut rates across its two-year mortgage range for first time buyers, homeowners and remortgage customers by up to 0.20 per cent.
The new rates, available from today, include:
• 75 per cent loan to value two year mortgages for first time buyers and homemovers are being reduced by 0.10 per cent with fixed and tracker rates starting at 2.39 per cent with a £999 fee and 2.79 per cent with no fee;
• 80 per cent LTV two year mortgages for first time buyers and homemovers are being reduced by 0.20% with fixed and tracker rates starting at 2.99 per cent with a £999 fee and 3.39 per cent with no fee; and
• 85 per cent LTV two year mortgages for first time buyers and homemovers are being reduced by up to 0.20 per cent with fixed rates starting at 3.04 per cent with a £1,499 fee. Tracker rates start at 3.44 per cent with a £999 fee and 3.84 per cent with no fee.
The news follows the announcement yesterday (16 January) that Lloyds Bank also made similar reductions across its range of two-year mortgages, by as much as 0.2 per cent.
Ian Wilson, Head of Halifax Intermediaries, said: “Two year mortgage terms remain the most popular and we are pleased to be able to announce a succession of rate reductions across this area of the product range.
“With these reductions across all LTV ranges, we are providing brokers with an even more competitive suite of products to offer their clients.”
