The lender has also cut its 2-year fixes for first-time buyers or homemovers, which now stand at 1.79% to 75% LTV and 2.59% to 85% LTV with a £495 fee.
For remortgage customers Halifax has unveiled a new 2-year fix, which stands at 2.59% to 85% LTV with a £495 fee.
Craig McKinlay, mortgages director at Halifax, said: “Halifax is committed to helping Britain prosper and providing great service and competitive products to our customers.
"In addition to our current £500 cashback offer, these rate reductions will further support first-time buyers trying to buy their first home; home movers who are looking to move up the housing ladder; and customers who want to release equity to carry out repairs or improvements to their property.”
