Halifax cuts rates by up to 0.3%

Halifax is cutting rates on a number of fixed rate and tracker mortgages by up to 0.3 per cent from today.

The rate on a two-year fix up to 75 per cent LTV is being cut by 0.3 per cent to 2.39 per cent for properties over £150,000. For properties valued at less than this, the rate is being cut by 0.2 per cent to 2.89 per cent.

The rate on a two-year fixed homemover mortgage up to 60 per cent LTV is being cut by 0.1 per cent, from 2.59 per cent to 2.49 per cent for properties under £150,000. For properties over this, the rate is being reduced from 0.2 per cent to 1.99 per cent.

Halifax new mortgages director Craig McKinlay says: “The housing market continues to strengthen, and once again Halifax is reducing rates on a number of products to help underpin these improvements. Whether customers are looking to remortgage or buy their first home, these competitive rates should really help.”

Upon completion of their mortgage, Halifax customers will also receive £500 cashback to help with the cost of moving. This offer is available on all first time buyer and home mover products until 5 April.