Lending giant Halifax Bank has removed the upfront fees on a range of its 2-year fixed rate remortgage products.
According to Halifax, the changes, which will run alongside its free legal and valuations, will provide savings of up to £1760 for remortgage customers.
This is in addition to rate reductions announced last week, which saw Halifax reduce all of its two-year fixed and tracker products for remortgage customers by 0.20 percent.
An example rate includes a 60 per cent Loan-to-value at £995 fee deal reduced to 3.34 per cent and the £0 fee deal reduced to 3.94 per cent.
Stephen Noakes, Mortgage Director at Halifax said; “The attraction of remortgaging is the peace of mind it provides homeowners of knowing exactly what you are going to pay each month.
“Upfront costs can add up when remortgaging, unlike new buyers who factor in these costs, homeowners looking to remortgage can sometimes get caught out. By offering this to our remortgage customers we are helping alleviate the associated costs with remortgaging.”
