Halifax reduces its rates for the second time in two weeks

Halifax Intermediaries is to make alterations and rate reductions to its new business product range, its second set of price changes in two weeks.

From tomorrow, February 18, the lender will reduce the rates on its two and three-year fixed products, with new rates starting at 3.15%.
 
These will have a fixed product fee of £999, while a number of new deals will be introduced without a product fee.
 
One of two low LTV bands will apply to the new deals – 0-60% or 0-75%.
 
The move comes after Halifax reduced its two-year fixed-rate product at 60% LTV by 0.7% to 3.19%, and its two-year fixed-rate deal at 75% LTV by 0.5% to 3.59% on February 11.