New products also introduced
Halifax Intermediaries and two other banks have reduced rates across various product categories, aiming to provide more competitive rates for customers in the current market.
For home movers and first-time buyers, the high street lender slashed rates of selected products by up to 0.15%. Remortgage rates have also been cut by up to 0.22%.
Product transfer and further advance products also had rate reductions of up to 0.17%.
Meanwhile, Clydesdale Bank has also slashed rates on several of its mortgage products.
For core residential products, the bank repriced selected two- and five-year fixed rates, cut by up to 0.28%. Exclusive remortgage products saw selected two- and five-year fixed rates reduced by up to 0.07%.
In the exclusive large loan category, selected two- and five-year fixed rates were reduced by up to 0.22%. For core buy-to-let products, selected two- and five-year fixed rates were slashed by up to 0.14%.
Clydesdale also launched new two- and five-year fixed rates at 80% loan-to-value (LTV), starting from 4.95%.
Earlier this week, Virgin Money also launched new mortgage specials and reduced rates on select products.
Its new 7 Day Specials, available until 8pm of July 22, include a 75% LTV remortgage with a five-year fixed rate at 4.40% and a £995 fee, an 80% LTV purchase with a five-year fixed rate at 4.46%, and a 90% LTV purchase with a five-year fixed rate at 4.75%, both with a £995 fee and free valuation.
Rate reductions include the 75% LTV purchase five-year fixed rate fee saver at 4.63%, the 80% LTV purchase five-year fixed rate fee saver at 4.65%, the 75% LTV remortgage five-year fixed rate fee saver at 4.65%, and various BTL rates.
Core product changes feature the 90% LTV purchase five-year fixed rate with a £995 fee at 4.82%. Product transfer reductions apply to 65% and 75% LTV two- and five-year fixed rates.
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