The lender will reduce rates of selected products by up to 0.53%
Halifax Intermediaries has announced changes to its product range, including rate reductions of up to 53 basis points, effective from Thursday, February 1.
For homebuyer products, including first-time buyer, new build, large loans, and affordable housing – shared equity/shared ownership, as well as green home products, end dates have been extended by three months while completion dates have been extended by a month.
Remortgage products, including large loans, affordable housing – shared equity/shared ownership, and corresponding green home products, also had their end dates and completion dates extended, alongside rate cuts of up to 0.53% on selected two-, three-, and five-year fixed rate products. Maximum loan sizes have also been raised from £1 million to £2 million on selected fixed and tracker remortgage products.
Some of the remortgage products that will be repriced by the UK’s largest mortgage lender are a two-year fixed repayment and interest only deal at up to 60% loan-to-value (LTV) with a £999 fee and a rate reduced by 53bps to 4.15%; a two-year fixed repayment only mortgage at up to 80% LTV with a £999 fee and a rate reduced by 46bps to 4.95%; and a five-year fixed repayment and interest only product at up to 60% LTV with a £999 fee and a rate reduced by 46bps to 4.19%.
For product transfer and further advance products, two- and five-year fixed rate mortgages have been reduced by up to 0.46%, aside from the same end dates and completion dates extension.
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