Halifax has reduced the rates on select 10-year fixed rate mortgages.
Its 10-year fixed rate at 60 per cent loan to value (LTV) with a £999 fee has fallen from 1.93 per cent to 1.68 per cent, whilst its fee-free version at the same LTV tier has gone from 2.01 per cent to 1.87 per cent.
The lender’s 10-year fixed rate at 75 per cent LTV with a £999 fee has decreased from 2.33 per cent to 1.77 per cent.
The fee-free product at the same LTV has been cut from 2.41 per cent to 1.93 per cent.
The minimum loan value for all the products is £25,000 and the maximum loan size is £1m.
The products come with early repayment charges (ERC), starting at six per cent in the fifth year and then reducing by one per cent each year until the end of the term.
Andrew Assam (pictured), mortgages director at Lloyds Banking Group, said: “With the prospect of interest rates rising this year, many homebuyers and homeowners are looking for the security of knowing their mortgage payment is not going to increase.
“While others are simply looking for a better mortgage deal than they are currently on. With these new rates, we are able to offer some of the best long-term mortgage deals on the market; giving the peace of mind people seek and a low rate.”
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.