Halifax announces fresh rate cuts across fixed range

Halifax has cut the rates across its fixed-rate mortgage range by up to 0.3 percentage points.

The new offers are available to all customer groups, first-time buyers, those looking to remortgage or move home. For first-time buyers and homemovers who submit applications till 29 June, Halifax has an additional 1 per cent cashback offer of up to £2,500. The total amount of cashback is calculated as 1 per cent of the whole mortgage balance including fees added to the mortgage and will be paid into the customer’s bank account.

Craig McKinlay, mortgages director at Halifax, said:

“The reduction of rates within our two and five-year range demonstrates our ongoing dedication to helping homemovers and customers planning to remortgage save money by taking out a mortgage with 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.”

The new offer include:

Two-year fixed rate for first-time buyer products:

• 75-85% LTV 2 year fixed rate products have been reduced by 0.2% with rates from 2.39% (£495 fee)
• 85-90% LTV 2 year fixed rate products have been reduced by 0.3% with rates from 3.68% (£495 fee)
• 90-95% LTV 2 year fixed rate products have been reduced by 0.3% with rates from 4.69% (£495 fee)

Two-year fixed rate for home mover products:

• 75-85% LTV 2 year fixed rate products have been reduced by 0.2% with rates from 2.44% (£495 fee)
• 85-90% LTV 2 year fixed rate products have been reduced by 0.3% with rates from 3.68% (£495 fee)
• 90-95% LTV 2 year fixed rate products have been reduced by 0.3% with rates from 4.69% (£495 fee)

Two-year fixed rate for remortgage products:

• 75-85%LTV 2 year fixed rate products have been reduced by 0.2% with rates from 2.49% (£495 fee)

Five-year fixed rate for first-time buyer products:

• 80-85% LTV 5 year fixed rate products have been reduced by 0.1% with rates from 4.14% (£495 fee)
• 85-90% LTV 5 year fixed rate products have been reduced by 0.2% with rates from 4.49% (£495 fee)

Five-year fixed rate for home mover products:

• 80-85% LTV 5 year fixed rate products have been reduced by 0.1% with rates from 4.14% (£495 fee)
• 85-90% LTV 5 year fixed rate products have been reduced by 0.2% with rates from 4.49% (£495 fee)

Five-year fixed rate for remortgage products:

• 80-85% LTV 5 year fixed rate products have been reduced by 0.1% with rates from 4.09% (£495 fee)