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.
Victoria Hartley is contributing editor at Mortgage Solutions, Specialist Lending Solutions, Your Money and Your Mortgage at London-based publishing company AE3 Media.
She has an MA in Radio from Goldsmiths after gaining a 2:1 in a Comparative American Studies BA at Warwick University. She also holds a TEFL qualification and taught overseas in Mexico and Japan from 1994 to 1997.
Her role includes editorial oversight of the news, analysis and features, event content management and strategic and editorial consultancy for the AE3 Media group. She is an experienced video, broadcast and live-event host and regularly chairs web and podcast debates and interviews.
Multiple award nominations have resulted in two wins: Santander Media Awards, trade journalist of the year and Headlinemoney Awards, mortgage journalist of the year (B2B). Here is one of the award-winning pieces: https://www.mortgagesolutions.co.uk/news/2011/07/21/exclusive-tale-bailey-fraud-witness/
Previous roles include editorships of Mortgage Solutions, consumer title What Mortgage and trade title Credit Today as well as a stint freelancing for a variety of outlets including The Guardian and Which? Money.
