"We continue to demonstrate our commitment to helping one in four first time buyers take their first step onto the property ladder."
The rate reductions will apply to its two-year and five-year 90% LTV first time buyer mortgage, which will be reduced by 0.30%, beginning at 3.19%. This includes Affordable Housing Shared Equity/Shared Ownership products.
Halifax's 1% cashback incentive of up to £2,000 will continue across the product range, including New Build, the Affordable Housing range and both Government Help to Buy schemes.
Ian Wilson, Head of Halifax Intermediaries, said: “By reducing our rates to meet the needs of first time buyers and giving extra through offers and best-in-class service, we continue to demonstrate our commitment to helping one in four first time buyers take their first step onto the property ladder.”
