Related topic: Halifax

Market activity was influenced by stamp duty changes that took effect at the beginning of April, but overall remained close to pre-pandemic levels.

The cuts follow a reduction to the minimum income required for enhanced LTI ratios through First Time Buyer Boost.

Lloyds is committing a further £1bn for first-time buyers.

Halifax’s FMA will be delivered via Submissions Brain and will save brokers an average of 30 minutes on every application.

The bank has lowered the minimum income for non-UK applicants.

Northern Ireland continues to be the strongest performing region, with price rises of 9.3% over the past year.

90% LTV products have seen the largest rate cuts.

Rate reductions cover residential purchase and buy-to-let purchase and remortgage.

The lender has also trimmed purchase rates by up to 0.09%.

The lender has reduced mortgage rates by up to 0.21%.