Halifax has issued communications to mortgage brokers this morning announcing a fresh wave of rate cuts across its homebuyer and remortgage product lines, effective immediately.
Among the changes is the introduction of a 2-year fixed-rate product now available at just 3.94%, breaking the 4% threshold and signaling renewed affordability for first-time buyers.
This rate applies to borrowing up to 60% loan-to-value (LTV), with a fee of £999, and reflects a 0.09% drop from its previous rate of 4.03%.
Other notable changes include multiple 2-year fixed deals now hovering in the 4.08% to 4.60% range, with reductions generally between 0.05% and 0.13%.
For example, a 2-year fix at 4.08% with a £999 fee, available up to 75% LTV, has been reduced from 4.20%, while a 4.34% product is now 0.13% lower than its earlier 4.47%.
The rate cuts extend beyond just 2-year deals.
Halifax has also trimmed pricing on select 3- and 5-year fixed rates.
A 3-year fixed deal now starts at 4.21%, while 5-year options are available from 4.10%.
