The lender will offer the two-year fix at 3.34% with no fee, a reduction of 25bps on its previous rate of 3.59%. These new rates will be introduced tomorrow, Friday 16 August.
Halifax has also lowered rates on three of its first-time buyer products and will now offer an 85% LTV two-year fix at 3.44% with £999 fee or fee-free at 3.84%.
Other reductions include its 90% LTV two-year fix, which has been cut to 4.69% with a £999 fee or 5.29% with no fee, and a seven-year fix available fee-free at 4.69%, also up to 90% LTV.
Ian Wilson, head of Halifax Intermediaries, said: “We are making a number of changes to our product range and are pleased to be able to continue to support not only first-time buyers, but the wider market.
“We are providing brokers with an even more competitive suite of products to offer their clients, demonstrating our commitment to the intermediary market.”