On Monday 16 October, Halifax Intermediaries will be making a number of reductions across its homebuyer product ranges.
The reductions will be found across selected 2-year and 5-year fixed rate deals and will include first-time buyer, new build, large loans and affordable housing – shared equity / shared ownership and the equivalent green home products.
Notably, the updated range will feature a 5-year fix at a competitive 4.73% interest rate, accompanied by a £999 product fee and a 4.84% 5-year fixed rate with no fee, both up to 60% loan-to-value.
The product search tool on the Halifax Intermediaries website will be updated by 4.30pm on Saturday 14th October and sourcing systems will be updated by Monday.
Nicholas Mendes, mortgage technical manager at John Charcol, said: “Halifax has shown real intent with these latest fixed rate reductions, with 4.73% for a 5-year fixed a real head turner.
“This is great news and slowly edging closer to 4.5% hopefully by the end of October.”
