Halifax is the latest lender to start offering sub-one per cent products, with four remortgage deals exclusive to selected mortgage brokers launching today.
The products come with both two and five-year fixed rate terms, with rates starting from 0.9 per cent.
The two-year fixed rate with a £1,499 fee has a rate of 0.9 per cent, while its five-year fixed rate with the same fee has a rate of 0.98 per cent.
The lender will also bring out a two-year fixed rate with a £999 fee with a rate of 0.91 per cent, and its five-year fixed rate with the same fee will have a rate of one per cent.
All the above products are exclusive to remortgage and have a maximum loan-to-value (LTV) of 60 per cent. They are all available between £25,000 and £1m.
The lender is the latest in recent months to bring out sub-one per cent deals, with Nationwide introducing a five-year fixed rate mortgage product in July. It is available at 60 per cent LTV and is eligible for those moving house and remortgaging.
TSB also launched a sub-one per cent product with a rate of 0.99 per cent in June, whilst HSBC launched its lowest-ever fixed rate of 0.94 per cent.
Brokers canvassed by this publication earlier this year said that mortgages with sub-one per cent rates would enable lenders to increase their market share and open the door to high-risk borrowers.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
