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Halifax Intermediaries makes further rate cuts

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  • 27/07/2012
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Halifax Intermediaries makes further rate cuts
Halifax Intermediaries will reduce rates across its product range tomorrow.

As part of the range refresh, rates on the majority of three and five-year fixed rate products have been reduced, some by up to 0.50%, and the £499 product fee has been removed from two first-time buyer products.

The deals include two-year fixed rates at 80% and 85% LTV for first-time buyers, available with no product fee.

Three-year fixed rates at 3.94%, available up to 60% LTV are available in the homemover and first-time buyer range.

Halifax’s homemover, first-time buyer and remortgage range includes two-year fixed rates and trackers from 3.39%, available up to 60% and 75% LTV.

Its three-year fixed rates start from 4.24%, available up to 75% LTV, and 5.24% at 85% LTV. Its five-year fixed rates start from 4.19% at 60% LTV, 4.49% at 75% LTV and 5.59% at 85% LTV.

Ian Wilson, head of sales at Halifax Intermediaries, said: “The changes that we’ve made this week have strengthened our competitive position in the market, and are underlined by our consistently strong service proposition.

“Today’s updates focus primarily on longer term fixed-rate options, where we’ve made reductions of up to 0.50%, and I’m sure that removing the product fee on some of our first-time buyer deals will also be welcomed.”

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