Halifax cuts remortgage rates by up to 42 basis points

Essex Home Finance
Halifax Intermediaries has made cuts of up to 42 basis points across its fixed rate range.
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Halifax Intermediaries has made cuts of up to 42 basis points across its fixed rate remortgage product range.

Within its two-year fixed rate suite, the most significant cut is the 85% LTV product with £999 fee being reduced by the headline amount, from 2.61% to 2.19%

Additionally, the 80% LTV product with £1,499 fee has been cut by 25 basis points, from 2.13% to 1.88%.

Other changes in this bracket range from cuts of 19 basis points to 41 basis points.

For a three-year fix, the biggest cut is the 85% LTV offering with £999 fee, going from 2.70% to 2.28% – again, a 42 basis point reduction.

And the 80% LTV product with £1,499 fee has been reduced by 25 basis points, from 2.20% to 1.95%.

Here, too, other changes comprise reductions ranging from 19 basis points to 41 basis points.

Within its five-year fixed rates, the biggest changes Halifax Intermediaries has made are the 85% LTV products with £1,499 fee and £999 fee, both having received a 31 basis point move downwards to 2.59% and 2.62%, respectively.

Further cuts ranging from 19 basis points to 30 basis points take place at this fix.

The changes come into action on Wednesday 1 September, the lender says in a note to brokers.

Original Article from Mortgage Strategy 31/08/21

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