Halifax lifts rates on resi, green, new build loans by up to 11bps | Mortgage Strategy

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Halifax has raised rates on homebuyer, new build, affordable housing–shared equity, shared ownership and resale price covenants including equivalent green home products.

The high street lender says the rate increases will be of up to 11 basis points on 90% to 95% loan to value two-year fixed-rate products.

It cites two examples of changes to homebuyer products:

A two-year fixed-rate offer from 90% to 95% LTV rises by 8bps to 3.96%, with a £999 fee. Available for loans between £25,000 and £570,000.

A two-year fixed-rate deal from 90% to 95% LTV lifts by 11 bps to 4.11%, with no fee. Available for loans between £25,000 and £570,000.

The bank says the rate rises come into force today (27 July).

The move follows a series of base rate rises by the Bank of England, which have seen rates lift five times in a row to a 13-year high of 1.25% from a historic low of 0.1% in December.


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