"There is increasing confidence in the market and rates are falling. These cuts will be a boost to anyone looking to get on or move up the housing ladder."
- Amanda Bryden, head of Halifax Intermediaries
Halifax has become the latest lender to announce rate reductions aross its residential range covering first-time buyer, new build, large loans, shared ownership and the equivalent green home products.
Rates have reduced on selected two and five-year fixed rates by up to 0.45%, and the maximum loan has increased to £2,000,000 on selected fixed and tracker products.
Two-year fixed rates have reduced by 35bps to 4.27% at 60% LTV, by up to 45bps to 4.57% at 80% and 85% LTV, and by 34bps to 5.51% at 90-95% LTV.
Five-year fixed rates now start from 4.18% at 80% and 85% LTV after reductions of up to 39bps, while 90-95% LTV rates have reduced by 35bps to 5.00%.
All products come with a £999 product fee.
In addition, Halifax has announced the introduction of tracker products for product transfers and further advances.
Amanda Bryden, head of Halifax Intermediaries and Scottish Widows Bank, said: “There is increasing confidence in the market and rates are falling. These cuts will be a boost to anyone looking to get on or move up the housing ladder.”
