Halifax has reduced the rates on a number of its five-year fixed residential remortgages up to 85 per cent loan to value (LTV) as of 18 May.
This includes the five-year fee-free remortgage product at 0-60 per cent LTV, which has been reduced by 0.34 per cent to 3.35 per cent. The equivalent at 60-75 per cent LTV has seen a rate cut of 0.29 per cent to 3.40 per cent.
The fee-free five-year fixed remortgage at 75-80 per cent LTV has a rate of 3.45 per cent, down from 3.74 per cent. The 80-85 per cent equivalent has been reduced by 0.49 per cent to 3.50 per cent.
Halifax has also extended the end and complete by dates of its remortgage, homemover, first-time buyer and shared ownership mortgages by three months.
The lender reintroduced its products up to 85 per cent LTV in April after cutting lending to 80 per cent LTV due to restrictions imposed by the health crisis. Last week, Halifax revised its self-employed and furloughed borrower guidance.
Ian Wilson, head of Halifax Intermediaries said: “As part of our ongoing commitment to the intermediary market, we remain focused on supporting brokers by helping provide greater choice and value for money to customers.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
