Halifax will be making its two-year fixes within the 75-80 per cent loan to value (LTV) tier available to borrowers with a 15 per cent deposit from 23 November.
The products will be offered to first-time buyers for purchase, new-build and share equity purposes.
The £999 fee paying product for first-time buyers has a rate of 3.11 per cent while the £1,499 option has been set at 2.9 per cent.
The mortgage with a lower fee has a minimum loan of £25,000 and the other starts from £250,000. Both have maximum loans of £1m.
For new-build, the rate is 3.31 per cent with a minimum loan amount of £25,000 and maximum of £1m. The rate for shared equity mortgages is also 3.31 per cent.
Brokers have been advised to submit applications for existing products by 5pm 21 November.
Platform re-introduces high LTV five-year fixes
Platform has relaunched a series of five-year fixed mortgages to its mainstream new business product as of today.
Two products at 85 per cent have been brought back, one with no fee and the other with a £999 charge.
It has also added a mortgage at 60-80 per cent LTV with a £999 fee and a fee-free offering at 70-80 per cent LTV.
Rates range from 1.66 per cent at the 60 per cent LTV tier and 2.99 per cent for those with a 15 per cent deposit.
These products follow Platform’s relaunch of 90 per cent LTV mortgages earlier this week.
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
