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Halifax and BM Solutions update rates

  • 02/04/2024
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Halifax and BM Solutions update rates
Halifax has lowered rates across its homebuyer, remortgage, product transfer and further advance range by up to 0.11%.

In an update to brokers, Halifax said that it would lower selected two- and five-year fixed rate homebuyer products by up to 0.09%. This range covers first-time buyer, large loans, new build and affordable housing products.

The changes came into effect from yesterday with this range.

The lender added that, from tomorrow, selected two- and five-year remortgage products will be cut by up to 0.11%, along with product transfer and further advance deals.

The firm added that complete by dates in both ranges have been extended by one month.

In March, Halifax announced plans to change the maximum working age on certain applications.


BM Solutions updates PT and further advance rates

BM Solutions said that, from tomorrow, there would be selected rate reductions across its product transfer and further advance range.

In a note to brokers, the lender said that it would be pricing its product transfer and further advance rates “dynamically to provide brokers and their clients with our most up-to-date PT/FA rates”.

“This will better reflect the current market, while providing the consistent and high-quality service that brokers trust us to deliver,” it added.

The lender will give notice of rate movements, and brokers will be able to view new products available for specific customers by logging onto the online portal.

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