Halifax will cut its homebuyer and mover mortgage rates by up to 11bps, the lender has announced.
The biggest cuts will be made to its five-year fixes. Halifax will make 11bps cuts to three five-year fixes at 0-75% LTV.
The £0 fee option will be cut to 3.91%, the £999 fee deal to 3.83% and the £1,999 fee product on loans of £2 million to £5 million to 4.08%.
Halifax is also making 10bps reductions to its five-year fix to 60% LTV with no fee, which will be 3.88%, the same product with a £999 fee, which will cost 3.77%, and the same deal with a £1,999 fee and loan sizes of £2 million to £5 million, which will be reduced to 4.02%.
The lender did not set an exact time for the changes but told brokers yesterday the cuts were “impending”.
Lender rate cuts have been coming thick and fast after a Christmas lull, with 15 trimming prices last week, according to the Moneyfacts rate watch.
