As of next Monday, the 2nd of October, Halifax is set to introduce further changes to its mortgage product ranges.
The lender today informed brokers that rates will be reduced on selected 2- and 5-year fixed rate products within a number of its homebuyer ranges, including its first-time buyer, new build, large loans and affordable housing – Shared Equity, Shared Ownership and green home ranges.
In addition to this, all homebuyer product end dates will be extended by one month.
Across its remortgage range, rates will also be reduced on 2-, 5- and 10-year fixed rate products, while its product transfer and further advance products are also set to benefit from new reductions.
Nicholas Mendes, mortgage technical manager at John Charcol, said: “Halifax are the latest high street lender to reprice in a week that has seen Barclays, HSBC, NatWest, Santander and Nationwide all reprice their fixed rates, with some breaking the 5% barrier.
“Halifax adding itself into the mix is an amazing step in the right direction, and hopefully it will kickstart further repricing in the week ahead.”
