Lender implements rate cuts of up to 92bps
High street lender Halifax has started its year with significant rate cuts of up to 92 basis points (bps) on its mortgage products.
Aiming to enhance offerings for various categories of homebuyers and homeowners, the changes were made on the lender’s Homebuyer products, remortgage products, and product transfer and further advance products.
For Homebuyer products, which cover first-time buyers, new build, large loans, affordable housing – shared equity/shared ownership, and their green home counterparts, Halifax has extended the complete by dates by an additional month.
The UK’s largest mortgage lender has also repriced its remortgage range, which includes large loans, affordable housing – shared equity/shared ownership, and the equivalent green home products. Rates were reduced on the two-, five-, and 10-year fixes by up to 83bps.
Similar to the Homebuyer products, the complete by dates for remortgage options have also been extended by one month.
The adjustments continue with product transfer and further advance products, where Halifax has made the largest reduction in rates – up to 92bps. Additionally, the end and complete by dates for these products have been extended.
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