Mortgages  

Halifax cuts mortgage rates by up to 0.45 per cent

Halifax cuts mortgage rates by up to 0.45 per cent

Halifax has cut rates across its two and five-year first-time buyer, homemover and remortgage ranges by up to 0.45 per cent.

On the two and five-year fixed and tracker first-time buyer products, 60 per cent loan-to-value two-year products are being reduced by up to 0.45 per cent, with rates from 1.49 per cent (tracker) and 1.64 per cent (fixed).

In the 75-80 per cent LTV range, two-year products are being reduced by 0.2 per cent, with rates from 2.29 per cent (tracker), 2.44 per cent for homemovers and 2.59 per cent for remortgages (fixed); while 80-85 per cent LTV two-year deals are also down by 0.2 per cent, with rates from 2.54 per cent (tracker), 2.69 per cent for homemovers and 2.84 per cent for remortgages (fixed).

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Up to 85 per cent LTV five-year products have fallen by 0.2 per cent, with rates from 2.94 per cent at 60 per cent LTV fixed.

As for the two-year shared equity and shared ownership products: 75 per cent LTV two-year deals are being reduced by 0.2 per cent, with rates from 3.44 per cent fixed and 3.74 per cent for the Help to Buy equity loan deal.

Selected rate reductions across two and four-year products - for loans up to £149,999 - include up to 60 per cent LTV, two-year products reduced by 0.15 per cent, with rates from 1.99 per cent fixed with a £999 fee.

Up to 75 per cent LTV four-year products are also down 0.15 per cent, with rates from 3.04 per cent fixed with a £999 fee.

Ian Wilson, head of Halifax Intermediaries, said the rate reductions prove the firm is intend on continuing to provide competitive products and a commitment to providing a great service to the intermediary market.

Update: The rates have been undated to contact us to highlight an error in their release.

peter.walker@ft.com