The changes are across a range of selected two year products in the large loan, new build and affordable housing product ranges being offered to first time buyers, home movers and remortgage customers.
In the new build and affordable housing mortgages range it includes a 90% LTV fixed rate affordable housing mortgage for home movers and first time buyers reduced to 5.99% with a £999 fee; a 80% LTV two year new build fixed rate for home movers and first rime buyers reduced to 4.19% with a £999 fee or 4.59% with no fee; a 80% affordable housing fixed rate for home movers and first time buyers reduced to 4.49% with a £999 fee; and a 85% LTV affordable housing rates for remortgage customers reduced to 5.09% with a £999 fee.
In the large loans mortgage range, that is loans from £1,000,000, there is a 80% LTV two year fixed rate for house purchases has been reduced to 4.49% with a £999 fee; a 80% LTV two year tracker rate for house purchases has been reduced to 4.19% with a £999 fee; and a 80% LTV two year fixed rate for remortgage customers reduced to 4.54% with a £999 fee.
‘We announced a succession of rate changes to our core mortgage range last week. We are pleased to be able to continue this. Affordable housing and shared ownerships help thousands of first time buyers and key workers to get on to the property ladder and both lenders and brokers need to work together to help educate clients on the options available to them,’ said Ian Wilson, head of sales at Halifax Intermediaries.
‘As one of the leading lenders in the large loans mortgage market, these rate cuts further support our commitment to brokers and their clients and allow them to benefit from the enhanced service provided by our Premier Mortgage Team,’ he added.
