Halifax cuts rates on adviser-only mortgage

Halifax cuts rates on adviser-only mortgage

Halifax has reduced the rate on the three-year fixed mortgage product available through intermediaries.

The mortgage, which is offered at 75 per cent loan-to-value, is now priced at 1.44 per cent.

As at the time of writing, this means the Halifax mortgage product deal is the lowest rate in the sector, and the rate will be fixed until March 31 2023.

There is a £999 product fee, all of which can be added to the mortgage advance, and while there are no additional incentives, Halifax will allow overpayments and payment holidays. 

In November Halifax was named as one of the five-star service providers in the mortgage category of the Financial Adviser Service Awards 2019.

In response to the win, Ian Wilson, head of Halifax Intermediaries, said: "Our focus is all about providing a consistent and reliable service, and good-value products to the market."

Commenting on the deal, Rachel Springall, Finance Expert at, said: "Now priced at 1.44 per cent, the deal becomes the lowest rate in its sector and is available to house purchase customers at 75 per cent loan-to-value.

"While there is no incentive package, the deal charges a reasonable fee of £999, which can be added to the mortgage advance.

"Borrowers looking for a low rate mortgage with a well-known brand through intermediaries may find this option appealing. It earns an Outstanding Moneyfacts product rating in the process.”