Mortgage News
Halifax cuts product transfer rates by up to 0.50%
Halifax Intermediaries has reduced interest rates by up to 0.50% across its product transfer range and expanded the number of deals.
The new deals include a two-year fixed rate at 3.54% and a two-year tracker at 2.94%, both up to 60% LTV and with no product fee.
Meanwhile, it has reduced rates across its two-, three- and five-year fixed rate range.
Halifax’s two-year fixed rates now start from 3.14%, while two-year trackers start at 2.54%, both now with a £999 product fee.
All transfer product rates can be got within three months of a customer’s existing mortgage ending.
Ian Wilson, head of Halifax Intermediaries, said: “The changes that we’re making to the product transfer range from today means our existing customers will be able to access some very competitive options.
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“It makes sense for brokers to be talking to their existing clients about the choices that are available for them, and as we pay proc fees for existing business they’ll also be fairly rewarded for the work that they do.”