As part of the range refresh rates on the majority of 3-year and 5-year fixed rate products have been reduced by up to 0.50% and the £499 product fee has been removed from two first-time buyer products.
First Time Buyer only
• 2 year fixed rates, 80% and 85% LTV, now available with no product fee
Homemover and First Time Buyer
• 3 year fixed rates, 60% LTV, reduced by 0.20%, now starting from 3.94%
Homemover, First Time Buyer and Remortgage
• 2 year fixed rates, 60% and 75% LTV, reduced by 0.10% now from 3.39%
• 2 year tracker rates, 60% and 75% LTV, reduced by up to 0.15% now from 3.39%
• 3 year fixed rates
o 75% LTV reduced by 0.30%, now from 4.24%
o 85% LTV reduced by 0.25%, now from 5.24%
• 5 year fixed rates
o 60% LTV reduced by 0.50%, now from 4.19%
o 75% LTV reduced by 0.30%, now from 4.49%
o 85% LTV reduced by 0.50%, now from 5.59%
Ian Wilson from Halifax Intermediaries said: "The changes that we've made this week have strengthened our competitive position in the market and are underlined by our consistently strong service proposition.
"Today's updates focus primarily on longer term fixed rate options where we've made reductions of up to 0.50% and I'm sure that removing the product fee on some of our first time buyer deals will also be welcomed."
