Halifax adds Rate Guard to all core tracker mortgages

Halifax is to include Rate Guard in all of its core tracker mortgage products with effect from September 10.

The product allows borrowers to move, with no penalty, to a fixed rate product within 12 months of their mortgage commencing.

Those switching can choose from the entire core fixed range available to existing Halifax customers – no restrictive LTV rules, no extra premium added to fixed rates for this facility

Jaedon Green, head of acquisition for Halifax, says: “Borrowers can be forgiven for not knowing whether to fix or track in the current market.

“This new addition to our range delivers the best of both worlds, allowing customers to select a tracker with confidence, knowing that they can switch to a fixed rate should rates reduce, or if their personal circumstances change.”