Halifax Improves Mortgage Range with Further Cuts to Fixed Range

August 09, 2011 (PRLEAP.COM) Business News
Halifax is today making further reductions of up to 0.35% across its range of 2, 3 and 4 year fixed rate products. This is the latest move in a series of rate cuts across the Halifax mortgage range for homebuyers and remortgagers.

Halifax is currently offering a 75% LTV 3 year fixed rate deal at 3.84% for home buyers and remortgagers. The rate has been reduced by 0.35% and is the largest reduction made in today's range refresh.

The reductions for homebuyers include:

  • 2yr fixed rate 0-60% LTV reduced by 0.15% to 2.84%
  • 3yr fixed rate 0-60% LTV reduced by 0.05% to 3.54%
  • 2yr fixed rate 60-75% LTV reduced by 0.20% to 3.19%
  • 3yr fixed rate 60-75% LTV reduced by 0.35% to 3.84%
  • 4yr fixed rate 60-75% LTV reduced by 0.05% to 4.54%

    • The reductions for remortgages include:

  • 2yr fixed rate 0-60% LTV reduced by 0.15% to 2.84%
  • 2yr fixed rate 60-75% LTV reduced by 0.25% to 3.14%
  • 3yr fixed rate 60-75% LTV reduced by 0.35% to 3.84%
  • 4yr fixed rate 60-75% LTV reduced by 0.05% to 4.54%

    • All products attract a fee of £995 and are available on loans up to £1million. Remortgage products include the Halifax remortgage service, which comprises of a free valuation and no legal fees.

    Stephen Noakes, Commercial Director of Mortgages, Halifax, said: "We are continuing to lower rates in order to provide the best possible value to first time buyers, home buyers, and remortgagers. These changes are part of a raft of improvements and reductions already this year, which will provide a much wider choice for those looking for a great deal."

    Notes to editors:

  • Applications are required for all mortgage products
  • Terms and conditions for all products are available on request
  • Actual rates are dependent upon individual borrower's circumstances
  • All mortgages are subject to underwriting criteria</li>