Halifax will bring out more affordable first-time buyer, home mover and remortgage products at the 85 and 90 per cent loan to value tier (LTV).
The lender will introduce these products on Wednesday, 6 October, which include a two-year and five-year fixed rate affordable housing product, at between 85 and 90 per cent LTV.
Halifax has also increased the first-time buyer and home mover maximum loan size to £750,000, up from £500,000, on certain 85 to 90 per cent LTV products.
The lender has also reduced rates in the first-time buyer and home mover products at 90 to 95 per cent LTV by up to 0.35 per cent.
On the remortgage side, Halifax has introduced two and five-year fixed rate products, with no fee, £999 and £1,499 options.
The lender has also introduced an affordable housing, shared equity and shared ownership two-year product with a £999 fee.
Esther Dijkstra (pictured), managing director for Lloyds Banking Group for intermediaries, said: “These changes will enable us to continue helping more mortgage customers in line with our responsible approach to lending and our ongoing commitment to the market, backed by the service and support upon which intermediaries continue to rely.”
Scottish Widows Bank will also make similar LTV changes.
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.
