Halifax cuts remortgage rates by up to 0.33%

80% LTV products have seen the largest reductions.

Related topics:  Mortgages
Rozi Jones | Editor, Financial Reporter
1st August 2024
Halifax Bank

Halifax has reduced rates across its remortgage products by up to 33bps.

In its two-year fixed rate range, fee-free products now start from 5.00% at 60% LTV. At 80% LTV, rates are down by 32bps to 5.62%, while an 85% LTV rate has reduced to 5.77%.

Five-year fixed rates with no fee have reduced by 24bps to 4.55% at 60% LTV, by 33bps to 4.93% at 80% LTV, and by 28bps to 5.00% at 85% LTV.

The rate reductions follow the launch yesterday of Halifax's Green Living Reward, offering up to £2,000 to home buyers, home movers, and remortgagers making energy-saving improvements to their properties.

Halifax mortgage customers could earn either £2,000 cashback for installing a heat pump, or up to £1,000 for a range of other improvements to make their home more energy efficient, including solar panels or batteries for solar storage. This is in addition to any other offers, such as mortgage product cashback.

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