For homemovers and first-time buyers, reductions of up to 0.17% will be made to two-year fixed rates, while three-year fixed rates will be lowered by up to 0.13%.
Among its remortgages, Halifax will cut rates across two-year fixes with a £1,999 fee by as much as 0.11%.
As for increases, two-year fixed remortgages with no fee and £999 fees will be raised by up to 0.12%, while increases of up to 0.15% will be made to selected five-year fixed rates.
Rate hikes have also been applied to Halifax’s product transfer and further advances, with two-year fixed rates going up by as much as 0.12% and five-year fixed rates by as much as 0.15%.
Rate changes will be effective from 10 December.
Aldermore Insights with Jon Cooper: Edition 5 – Feeling enthusiastic about next year’s run-of-the-mill market
Sponsored by Aldermore
BM Solutions adds ERC-free trackers to BTL and LTB
BM Solutions, the buy-to-let (BTL) brand of Halifax parent Lloyds Banking Group (LBG), has added two-year trackers with no early repayment charges (ERCs) to its personal BTL and let to buy (LTB) offering.
The products also have a 1% fee.
These new products will replace its previous two-year trackers with an ERC and £1,499 fee, which have been withdrawn from the BM Solutions offering.
For BTL purchase, the two-year tracker at 65% loan to value (LTV) has a rate of 4.45% or 4.65% up to 75% LTV. The remortgage equivalents have corresponding rates.
Loans from £25,000 to £1m are available up to 65% LTV, or up to £2m at 75% LTV.
BM Solutions has also replaced its existing product transfer and further advance rates with a £1,499 fee with deals with no fee. Pricing in this range is tailored to borrowers.
Leigh Church, head of BM Solutions, said: “We’re really pleased to be launching these new tracker mortgages to the BTL and LTB markets. They enhance our intermediary-specific product range and demonstrate our continued support for landlords.”
