Mortgage News
Halifax ups max LTV for homebuyer and new-build green home products
Halifax has increased the maximum loan to value (LTV) for its homebuyer and new-build green home products to 95 per cent.
The maximum LTV was previously 85 per cent.
Its homebuyer products come with two, five and 10-year fixed rate terms, with early repayment charges applying to each product.
Rates start at 3.24 per cent at 60 per cent LTV for a two-year fixed rate with a £999 fee and go up to 3.86 per cent at 95 per cent LTV with no fee.
For five-year fixed rates, pricing starts at 3.33 per cent up to 60 per cent LTV with a £999 fee and goes up to 4.14 per cent at 95 per cent LTV with no fee.
On the 10-year fixed rate side, rates start from 3.33 per cent up to 60 per cent LTV with a £999 fee and go up to 3.55 per cent for a fee-free product.
Industry, not regulation, must lead later life lending change
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Halifax’s new-build green home products come with two and five-year fixed rate terms.
Its two-year fixed rates begin from 3.44 per cent up to 60 per cent LTV and go up to 4.06 per cent up to 3.95 per cent at 85 per cent LTV. Both come with a £999 fee.
Its five-year fixed rates start at 3.53 per cent up to 60 per cent LTV with a £999 fee and go up to 4.34 per cent at 95 per cent LTV with no fee.