Halifax Intermediaries has added 1.5-year fixed rate products within its remortgage range with a remortgage conveyancing service included.

The lender has also increased tracker product rates by up to 0.18% on remortgage, homemover and first-time buyer products.

These changes come into effect on 13 February.

Meanwhile, Allica has made rate reductions to owner-occupier mortgages by 0.20% on loans under 60% loan-to-value (LTV).

Semi-commercial investment and owner-occupied mortgages have also had rates cut by 0.15% on loans under 70% LTV.

Experienced care home operators will also see rate reductions of 0.20%.

The bank will continue to offer an additional 0.25% discount for loans exceeding £750,000 or properties with an energy performance certificate rating of A to C.

Allica Bank chief commercial officer Nick Baker says: “There’s a huge amount of untapped potential in the established SME economy, and brokers are well positioned to help their clients realise it. It’s vital that banks play their part in helping them do so and Allica’s latest batch of rate reductions are designed to unlock that potential.”