Halifax launches decade-low fix

Halifax has reduced rates by 0.2% on its 0-60% LTV two year fixed rate and tracker products for first-time buyers, homemovers and customers remortgaging - marking the bank's lowest range in over ten years.

Related topics:  Mortgages
Rozi Jones
13th February 2015
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0-60% LTV 2 year fixed rate products have been reduced by 0.2% with rates from 1.44% (£1,499 fee), and 0-60% LTV 2 year tracker products have been reduced by 0.2% with rates from 1.29% (£999 fee).

Halifax have also reduced two-year fixed rate large loan and new build products for first-time buyer, homemover and customers remortgaging.

Rates now include a 0-60% LTV 2 year fixed rate large loan (above £1m) reduced by 0.2% with rates from 2.49% (£1,499 fee), and a 0-60% LTV 2 year fixed rate new build reduced by 0.2% with rates from 1.89% (£999 fee).

0-60% LTV two-year fixed rate shared equity/shared ownership and Help to Buy ‘Equity Loan’ products for first-time buyer and homemovers have been reduced by 0.5% with rates from 2.74% (£999 fee).

Ian Wilson, head of Halifax intermediaries, said:

“Halifax is committed to providing competitive products and great service to the intermediary market. These rates are among the lowest we’ve had in the last decade and will enable us to continue to support our first-time buyer and new build commitments where our intention is to provide 1 in 4 customers with their mortgage.”

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