Halifax Intermediaries has made cuts across its whole product range for first-time buyers, homemovers, and remortgagors, and launched a £250 cashback offer on first-time buyer products, in addition to a fee free remortgage offering.
Key changes include:
- Initial rate of 2.19% on 5 year 0-60% LTV fixed rate with £1,499 fee for first-time buyers, homemovers and remortgagors
- Initial rate of 2.24% on 2 year 60%-75% LTV completely fee free fixed rate for remortgage customers – there is no product fee, and the Mortgage Account Fee has been removed in addition to the standard fee free remortgage package
- Initial rate of 4.79% on 2 year 90%-95% LTV fixed rate for Help to Buy Mortgage Guarantee scheme – available for first-time buyers and homemovers
- First-time buyer products eligible for £250 cashback offer upon completion.
Fee free remortgage products: 2 year and 5 year fee free fixed rate remortgage products now also benefit from the removal of the Mortgage Account Fee in addition to the standard fee free remortgage package.
Ian Wilson, head of intermediaries, Halifax, said: “We’ve seen a significant pick up in activity recently, particularly among five-year fixed rates where volumes trebled in March.
“Halifax is committed to providing competitive products and great service to the intermediary market. These latest rate reductions and product enhancements, coupled with our excellent service, will enable us to continue to support first-time buyers, remortgagors and homemovers alike.”