View more on these topics

Halifax reduces stress test rates following base rate cut

Halifax-Bank-Branch-Building-700x450.jpg

Halifax is passing on the Bank of England base rate cut by reducing the stress test rates for new mortgage applications.

Affordability tests will be reduced by 0.25 per cent to 6.75 per cent from September 27, following the BoE’s move to cut the base rate on August 4.

Halifax head of intermediaries Ian Wilson says: “Reducing our mortgage affordability stress rate forms part of our ongoing commitment to providing a range of accessible, value for money products designed to meet the changing needs of borrowers, while continuing to support brokers in delivering for their clients as the market continues to evolve.”

Recommended

Bank-of-England-BoE-Building-Horse-700x450.jpg

Base rate cut could lead to 1 per cent mortgages

A further base rate cut from the Bank of England could see mortgage interest rates fall below 1 per cent, according to industry analysts. Bernstein research suggests that interest rates on one of the most popular products in the UK market – an 80 per cent LTV two year fixed mortgage – could drop to […]

Bank-of-England-BoE-Clock-700x450.jpg

Mortgage rates fall to all time lows following base rate cut

Average variable and fixed mortgage products rates fell to record low rates in August, almost immediately following the drop in the base rate. According to the latest Moneyfacts UK Mortgage Trends report, the Bank of England’s move to drop the base rate to 0.25 per cent in August meant two-year tracker’s fell by 0.19 per […]

Bank-of-England-BoE-Clock-700x450.jpg
2

Bank of England cuts base rate to 0.25%

The Bank of England has cut base rate from 0.50 to 0.25 per cent. The vote by the Bank’s Monetary Policy Committee was unanimous. Most MPC members expect the rate to be cut to near zero by the end of the year. But the Bank will also bring in a Term Funding Scheme to support […]

10 September thumbnail

Johnson Fleming set to hold auto-enrolment support webinar

Two years since the process of auto-enrolment began, the looming re-enrolment deadline provides the perfect opportunity to assess whether the support you have in place, which may well have been hastily selected at the start, is fit for purpose. Johnson Fleming is holding a webinar on 10 September at 11:00 to discover the key issues and concerns you should consider when thinking about your current support options.

Neptune Global Income: Is Japan the best dividend market in the world?

By George Boyd-Bowman, Fund Manager at Neptune The Neptune Global Income Fund seeks exposure to the very best – and often overlooked – income opportunities from across the world. Unconstrained by benchmarks, the fund currently has 24 per cent invested in Japan, differentiating the high conviction portfolio from many of its peers. Watch Neptune Fund […]

Newsletter

News and expert analysis straight to your inbox

Sign up