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Halifax and TSB make rate reductions – round-up
Halifax will make rate reductions of up to 0.22% on its homemover, first-time buyer, remortgage, product transfer and further advance deals.
In an update to brokers, the lender said that rate reductions of up to 0.15% will be made to its homemover and first-time buyer deals.
Within its homebuyer range, its two-year fixed rate at 60% loan to value (LTV) will be lowered by up to 0.15% to 4.46%, and its five-year fixed rate has been cut by up to 0.12%. Both come with a £999 fee.
On the remortgage side, rate cuts of up to 0.22% will be made.
As an example, its two-year fixed rate at 60% and 80% LTV will decrease by 0.14% to 4.67% and 5.32% respectively.
Three-year fixed rates at 60% and 80% LTV will fall by 0.13% and 0.22% to 4.52% and 5.59%, while the lender’s five-year fixed rate at 75% LTV will go down by 0.17% to 4.43%.
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Within its product transfer and further advance products, rate reductions of up to 0.17% will be made on certain products.
Halifax last lowered rates earlier this month, cutting rates by up to 0.19%.
TSB makes rate reductions across range
TSB will decrease rates by up to 0.15% across its residential, product transfer and additional borrowing ranges.
In its residential range, rate reductions have been made to its two-year fixed first-time buyer and homemover offerings, which will go down by up to 0.1%.
Five-year fixed first-time buyer and homemover deals up to 75% LTV will fall by up to 0.1%, while two-year fixed remortgage rates have gone down by up to 0.15%.
Within its product transfer range, rate predictions up to 90% LTV have fallen by up to 0.1%, along with residential additional borrowing for a two-year fixed rate up to 80% LTV.