MortgagesSep 19 2014

Halifax launches 5-year fixed rate mortgages

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Halifax has launched two new five-year fixed rate mortgages for homemovers and first-time buyers at 85-90 per cent loan-to-value, at 5.29 per cent with a £999 fee and 5.49 per cent with no fee.

In addition to this, the company has further reduced rates on its two and five-year new purchase remortgage ranges by up to 0.39 per cent across the first-time buyer, homemover and remortgage ranges.

Included in some of the changes are two-year fixed and tracker remortgage products at 0.75 per cent and 75-80 per cent LTV reduced by 0.10 per cent.

Also, the two-year fixed and tracker products for first time buyers and homemovers have been reduced by between 0.10 per cent and 0.30 per cent. This includes a large loan £1m and new build products.

Finally, two-year fixed rate mortgages for first time buyers and homemovers have been reduced between 0.25 per cent and 0.39 per cent.

Ian Wilson, head of Halifax Intermediaries, said: “We are making further pricing reductions across our product ranges.

“With these reductions across all LTV ranges, we are responding to the changing market and providing brokers with an even more competitive suite of products to offer their clients. We are pleased to be able to continue to support not only first time buyers, but also the wider market.”