HALIFAX, UNITED KINGDOM--(Marketwire - March 28, 2013) - Halifax has announced a number of rate reductions across its range in a move to further support the UK's mortgage market. Available from today (19th March), selected rates have been reduced by up to 0.30% on a number of fixed rate and tracker mortgages.
• 2 year 60% LTV fixed homemover product reduced by 0.10% to 2.49% for properties under £150,000 (£995 fee), and reduced by 0.20% to 1.99% for properties over £150,000 (£1,995 fee).
• 2 year 75% LTV fixed remortgage rates reduced by 0.20% to 2.89% for properties under £150,000 (£995 fee), and reduced by 0.30% to 2.39% for properties over £150,000 (£1,995 fee).
• 2 year 80% and 85% LTV fixed and tracker remortgage rates reduced by 0.20%.
Upon completion of their mortgage, Halifax customers will also receive £500 cashback to help with the cost of moving. This offer is available on all first time buyer and home mover products1 until 5th April 2013.
Craig McKinlay, new mortgages director at Halifax, said:
"The housing market continues to strengthen, and once again Halifax is reducing rates on a number of products to help underpin these improvements. Whether customers are looking to remortgage or buy their first home, these competitive rates should really help."
1 Excludes New Build and New Buy.