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Halifax Intermediaries introduces three-year fix

  • 18/12/2017
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Halifax Intermediaries introduces three-year fix
Halifax Intermediaries is launching a new range of three-year fixed rate products for first-time buyers and home movers from today.

Rates start at 1.96% at 80-85% LTV with an arrangement fee, up to 2.92% for first-time buyers or 3.02% for home movers at 85-90% with no arrangement fee.

Ian Wilson, head of Halifax Intermediaries, said: “The new three-year fixed rate products give first-time buyers and those moving home more choice and flexibility to suit their individual needs.

“We have lent £10bn to first-time buyers in 2017 as part of our commitment to the market, and extending our range of existing two and five-year products will offer brokers a broader range of options to help meet the needs of their customers.”

In October, Halifax cut the income evidence it will require from self-employed mortgage applicants from three years to two.

For those who have been self-employed for less than two years but at least one full year, Halifax said it would continue to consider applications and they would be referred to an underwriter for review.

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