Halifax' best mortgage rates are reduced.
The Halifax have announce that their best mortgage rates will be cut by up to 0.2% across their 2 year fixed mortgage range.
In response to lower funding costs, the lender is cutting its best mortgage rates for all 2 year fixed and tracker mortgage products for both new home purchases and existing home-owners wishing to remortgage.
The new mortgage rates offered include deals for those who have 25% to 40% deposits.
A 2 year fixed rate for 60% LTV will now be on offer at 3.59% which is a reduction of 0.15%. For those with a smaller 25% deposit a 75% LTV 2 year mortgage will now be offered at 3.99% which is a reduction of 0.1%.
The lender advises that new 2 year fixed rate products will be offered to first time property buyers who have between a 15% and 20% deposit. The rates have yet to be released but the new offers will come with a low £499 fee.
Also reduced are its 2 year fixed and tracker rates for up to 60% LTV available for both affordable home and more expensive property purchase.
New build rates for up to a maximum 75% LTV have been reduced by 0.2%. A 60% LTV mortgage is now on offer for new build property at 3.89% which is a 0.20% reduction.
On a less positive note two new build rates for 75% and 80% LTV have been increased by 0.2%.
A spokesperson commented on behalf of the Halifax advising that the newly announced mortgage rate reductions keep its products inline with the rest of the market.
Contact Deal Direct for a comparison of lenders best mortgage rates.
With access to the whole mortgage market we can find the cheapest offers available.
Contact one of our advisers today.
