Craig McKinlay, mortgages director at Halifax, said: “Halifax is committed to providing competitive mortgages and great service to our customers.
“The reduction in rates and increases to our maximum loans for new build and affordable housing ranges will enable us to continue to support first-time buyers and the new build market.”
The shared equity / shared ownership loan amount has increased from £250,000 to £350,000; the new build 80-85% LTV loan amount has increased from £500,000 to £1,000,000 and the new build 85-90% LTV loan amount has increased from £500,000 to £750,000.
The 60-75% LTV 2-year fixed rate products have been reduced by 0.15% with rates from 1.99% (£1,995 fee) and the 0-60% LTV 2-year fixed rate products have been reduced by 0.2% with rates from 2.17% (no fee).
