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Halifax cuts Help to Buy mortgage rate

  • 15/08/2013
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Halifax cuts Help to Buy mortgage rate
Halifax has cut the rate of its headline Help to Buy equity loan product and lowered rates on mortgages across its range.

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.”

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