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Halifax Intermediaries pushes up selected rates and amends ERCs

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  • 11/08/2015
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Halifax Intermediaries pushes up selected rates and amends ERCs
Halifax Intermediary has pushed up the rates across a number of its product ranges by up to 0.30% and amended early repayment charges (ERC) on selected deals.

The announcement follows speculation that a Bank Base Rate rise could be on the cards within months, prompting predictions that lenders could ramp up rates across mortgage deals as a result.

Halifax’s rate changes include a 0.20% basis point increase to both its two and five-year fixed rates up to 85% loan-to-value (LTV) for homemovers and remortgages and a 0.10% rise on rates at 60% LTV.

Its first-time buyer rates up to 85% LTV have increased by 0.10%. No rate changes have been made to its affordable housing and new build products but the product fee on the lender’s self-build range has been increased by £500 to £1,499.

Rates on product transfer products have also been increased by up to 0.30%. Selected ERCs have been amended across a number of product deals.

A spokesman for Halifax said the same changes were being applied to the lender’s direct mortgage business.

“We constantly monitor our rates and, in response to market conditions and funding costs, have increased rates on selected products in our range. We will continue to ensure we are offering competitive and attractive offers to our customers,” he said.

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