Halifax Intermediaries is cutting rates by up to 0.30 per cent on its first-time buyer range.
The cuts apply to the lender’s two- and five-year 90 per cent LTV mortgage, now starting at 3.19 per cent.
The changes apply to affordable housing shared equity/ shared ownership products.
The changes take place today.
Halifax Intermediaries is keeping its 1 per cent cashback incentive of up to £2,000 for first time buyers.
The cashback deals applies across the product range, including new build, the affordable housing range and both Government Help to Buy schemes.
The offer means eligible first-time buyers will get repaid 1 per cent of their total loan amount up to £2,000 within 30 days of the mortgage completing.