Halifax reduces rates on two year and five year mortgage products

The Halifax has reduced rates across first time buyer, home mover and remortgage products by up to 0.3%, the UK lender has announced.

These apply to two year fixed rate for first time buyer products with rates starting from 2.39%, two year fixed rate for home mover products with rates from 2.44%, and two year fixed rate for remortgage products with rates from 2.49%.

The five year fixed rate for first time buyer products have rates starting at 4.14%, five year fixed rate for home mover products start also start at 4.14%, while five year fixed rate for remortgage products start at 4.09%.

‘The reduction of rates within our two and five year range demonstrates our ongoing dedication to helping home movers and customers planning to remortgage save money by taking out a mortgage with Halifax,’ said Craig McKinlay, mortgages director at the Halifax.

‘In addition to our current 1% cashback offer, these reductions further supports our commitment to helping one in four first time buyers in 2015,’ he added.