The changes affect homebuyer, remortgage, and product transfer and further advance products
High street lender Halifax has announced price adjustments to its product offerings, effective from Tuesday, February 6.
The changes affect various product categories within its range, including homebuyer, remortgage, and product transfer and further advance products.
For homebuyer products, selected fixed rate products will see reductions of up to 59 basis points (bps). This covers products such as new build and affordable housing – shared equity / shared ownership, along with their green home equivalents.
For remortgage products, the UK’s largest mortgage lender will raise two-year fixed rates at up to 60% and up to 75% loan-to-value (LTV) by 12bps and 2bps, respectively. This applies to product categories like large loans, affordable housing – shared equity / shared ownership, and their green home counterparts.
Like remortgage products, rates of two-year fixes under product transfer and further advance will have rate increases of 12bps and 2bps for deals at up to 60% and up to 75% LTV, respectively.
Halifax already informed brokers of the reprice today through email, while its websites and sourcing systems will reflect the changes by tomorrow through updates to its product search tool.
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