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TODAY'S OTHER NEWS

Halifax cuts first-time buyer and home mover rates

Halifax has reduced the rates on its first-time buyer and home mover mortgages by up to 0.3%.

It is also cutting its maximum fee to £495, which it says will help more customers to benefit from zero-fee mortgages.

Headline rates include:

60-75% LTV five-year fixed rates cut by 0.2% with rates now from 2.74% (£495 fee) or 2.94% (£0 fee).

75-80% LTV five-year fixed rates cut by 0.3% with rates now from 3.04% (£495 fee) or 3.24% (£0 fee).

80-85% LTV five-year fixed rates cut by 0.3% with rates now from 3.54% (£495 fee) or 3.74% (£0 fee).

85-90% LTV five-year fixed rates cut by 0.3% with rates now from 3.94% (£495 fee) or 4.14% (£0 fee).

In addition, the maximum loan available has been increased to £1m on 0-60% and 60-75% LTV on home mover, first-time buyer and remortgage £0 fee products.

Craig McKinlay, mortgages director at Halifax, said: “The reduction of rates within five-year range will support borrower’s needs for long-term stability, and demonstrates our ongoing dedication to helping home movers and first-time buyers looking to save money by taking out a mortgage with Halifax.

“The removal of products with fees above £495 will allow more customers to benefit from a competitive mortgage with a zero fee option.”

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