Halifax is cutting its remortgage rates by up to 0.5 per cent, as well as reducing selected product fees.
From Friday (10 October) the rate reductions have been applied to selected two and five year remortgage products.
The lender has also almost halved first-time buyer, homemover and remortgage product fees across its range from £995 and £999, to £495.
As a result of the changes, Halifax is now offering: a two-year remortgage at 0-60 per cent loan-to-value reduced by 0.2 per cent, to 2.29 per cent with £495 fee; and a two-year remortgage at 80-85% LTV reduced by 0.5 per cent, to 2.94 per cent with £495 fee.
The remortgage service is included as standard offering customers their valuation and standard legal fees paid.
Craig McKinley, mortgages director at Halifax, said: “We’re committed to providing great value mortgage products to borrowers whether they are looking to remortgage their existing home, or whether they are buying for the first time.
“These latest changes not only offer competitive rates, but also support customers with the costs of their valuation and legal fees.”
peter.walker@ft.com
