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Halifax slashes rates and refreshes product range

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  • 08/04/2016
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Halifax slashes rates and refreshes product range
Halifax has cut rates on a number of its homemover, first-time buyer and new-build products, while updating its mortgage guarantee and shared equity share ownership ranges.

Rate highlights include reductions of up to 0.30% on its two-year fixed rate deals and up to 0.15% for its five-year fixed rates, for both homemovers and first-time buyers.

Rates on the lender’s two-year tracker products for these borrowers have been increased by 0.05% for 60% loan-to-value (LTV) deals, with 75% to 85% LTV loans reduced by 0.15%.

Halifax has also cut rates on two-year fixed homemover and first-time buyer loans for new-build properties by up to 0.30%.

Its shared equity shared ownership range has been updated with rates starting at 1.79% for homemovers and 1.69 for first-time buyers on a two-year 60% LTV deal, which both come with a £999 fee.

Products that sit under its 95% LTV Help to Buy Mortgage Guarantee Scheme have also been withdrawn and replaced with new deals.

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