Halifax launches combined range for further advances and product transfers

Halifax has launched a combined product range for further advances and product transfers, replacing the separate ranges it used to offer.

The lender says the move means borrowers looking for a further advance will have access to cheaper products and both two- and four-year fixed rates.

For loans up to £149,999 the cheapest two-year fix is 1.79 per cent and the cheapest four-year fix is 2.54 per cent.

For loans between £150,000 and £299,999 the cheapest two-year fix is 1.69 per cent and the cheapest four-year fix is 2.44 per cent.

Halifax Intermediaries head Ian Wilson says: “These changes are part of our continued efforts to improve our intermediary and customer proposition. This will make it even easier for intermediaries to do product transfers and further advances as only one application is required.

“Customers benefit from a competitive alternative to remortgaging, and intermediaries will still receive a full procuration fee for product transfers and remortgages.”