Halifax Intermediaries has made a spate of rate cuts to its product transfer and further advance mortgage products, by up to 0.98 per cent in some cases.

The largest reductions are for loans ranging from £0 to £99,999. They comprise the 60 per cent LTV three-year fix with zero product fee and the 60 per cent LTV two-year fix with zero fee, which have each received the headline 0.98 per cent cut.

The 60 per cent LTV five-year fix zero free product is the recipient of a more modest 0.97 per cent cut and the 75 per cent LTV to 85 per cent LTV three-year fix with zero product fee has had a 0.95 per cent cut.

Other cuts in this loan range go from 0.83 per cent to 0.95 per cent.

In the £100,000 to £249,999 loan range, the largest cut is the 60 per cent LTV three-year fix with £999 fee, which has seen a 0.21 per cent cut.

Elsewhere in this range cuts between 0.03 per cent to 0.15 per cent are present.

Meanwhile, in the £250,000 to £7.5m loan section, cuts have been made ranging from 0.01 per cent to 0.17 per cent, the latter product being the 60 per cent LTV three-year fix with £1,499 fee.

Earlier today, BM Solutions, the buy-to-let arm of Lloyds Banking Group, cut its PT rates by up to 1.48 per cent.