Halifax cuts purchase rates, increases remortgages and product transfer rates

Selected homebuyer products are down by up to 0.59%.

Related topics:  Mortgages
Rozi Jones | Editor, Financial Reporter
5th February 2024
Halifax Bank

Halifax has announced a series of rate changes to its residential purchase, remortgage, product transfer and further advance ranges.

In its homebuyer range, including new build, affordable housing and green products, selected fixed rates are reducing by up to 0.59%.

Elsewhere, remortgage, product transfer and further advance rates will see rate increases of 0.12% on two-year fixes up to 60% LTV and 0.02% rises on two-year fixes up to 75% LTV.

The largest reduction across the homebuyer range is to two-year fixed rates at 90% LTV, down by 59bps to 4.84% with a £999 fee or 5.10% fee-free. At 90% LTV, rates are down by 31bps to 5.20% with a £999 fee and 5.46% fee-free.

Five-year fixed rates at 90% LTV have reduced by 53bps to 4.44% with a fee and 4.55% fee-free, while 95% LTV rates have reduced to 4.95% with a fee and 5.06% fee-free.

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