Halifax to cut rates by up to 35 bps while increasing others

Essex Home Finance
Halifax is cutting rates on a number of products by up to 35 basis points.
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Halifax is cutting rates on a number of products by up to 35 basis points, while also increasing prices on certain other deals.

The changes will apply to products in its first-time buyer and home mover ranges, including new-build, affordable housing, shared equity and shared ownership deals.

Increases of up to 6 basis points will be made on a number of two-year fixed rate deals at 60% LTV.

The following products are among those to see price hikes:

  • Two-year fixed rate at 60% LTV with a £1,499 fee increased from 0.83% to 0.89%
  • Two-year fixed rate at 60% LTV with a £999 fee increased from 0.87% to 0.9%

Some of the deals with the biggest reductions are as follows:

  • Two-year fixed rate at 75% LTV with no fee reduced from 1.66% to 1.31%
  • Two-year fixed rate at 80% LTV with a £999 fee reduced from 1.69% from to 1.48%
  • Three-year fixed rate 75% LTV with £999 fee reduced from 1.49% to 1.14%
  • Three-year fixed rate 75% LTV with no fee reduced from 1.72% to 1.37%
  • Five-year fixed rate at 75% LTV with £1,499 fee reduced from 1.48% to 1.14%
  • Five-year fixed rate at 75% LTV with £999 fee reduced from 1.51% to 1.16%
  • Five-year fixed rate at 80% LTV with no fee reduced from 2.26% to 1.91%

Original Article from Mortgage Strategy 25/08/21

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