Halifax Intermediaries will make rate changes on selected first-time buyer and home mover products, including affordable housing – shared equity and shared ownership, on Monday 14 February.

The broker-only subsidiary says the move will cut rates by up to 34 basis points on selected two-year fixed-rate 85 to 90% loan-to-value products and five-year fixed-rate offers on 75% to 80%, 80% to 85%, 85% to 90% and 90% to 95% LTV products.

The revamp will also lift rates by up to 10 basis points on selected two-year fixed-rate mortgages on 85% to 90% LTV products.

The lender says that all of the above changes apply to equivalent green home loans.

It adds that completion dates and product end dates are extended by three months of the relevant year on these offers.

To secure existing product codes, brokers must submit applications in full by 5pm on Saturday 12 February.

Halifax Intermediaries online product search tool and other sourcing systems will be updated by Monday 14 February.

Last week, Halifax launched its first products under the government’s First Homes scheme, designed to help young people and key workers onto the housing ladder.

The lender now offers a two-year fixed-rate loan at 2.12% loan-to-value, with no fee and £250 cashback if the property has an energy performance certificate rating of A or B.

It also has a five-year fixed-rate loan at 2.13% LTV, with no fee and £250 cashback if the property has an energy performance certificate rating of A or B.