Halifax reduces rates by up to 17 bps Mortgage Finance Gazette

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Halifax is cutting rates on a number of two and five-year fixed rates for home movers and first-time buyers tomorrow.

The lender is reducing two-year fixed rates up to 90% loan-to-value and with fees between £0 and £999 by 17 basis points.

Halifax is also trimming five-year fixes in the same LTV and fee tiers by 4 basis points.

It comes after Market Harborough Building Society and Vida Homeloans made rate cuts of up to 30 bps and up to 26 bps respectively today.

In further pricing news, Foundation cut buy-to-let rates by up to 30 bps and Virgin cut residential deals by up to 21 basis points.