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Halifax Announces Reduced Rates on Two-Year Fixes

by | Feb 11, 2011

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Halifax Intermediaries has revealed details of reduced rates on a number of its two-year fixed-rate products.

In new deals available from today the lender has lowered its rates by as much as 0.7 percent. For 60 percent LTV deals, rates have been reduced by 0.7 percent to 3.19 percent for purchase and 3.39 percent for remortgage. Rates for 75 percent LTV have dropped by 0.5 percent for purchase and remortgage, to 3.59 percent and 3.69 percent respectively. All deals have a product fee of £999.

Along with the new rates, Halifax has launched two 6o percent LTV trackers for homebuyers and remortgage customers, with rates from 2.59 percent and a £999 fee. Fees on the lender’s existing 75 percent, two-year tracker have also been reduced from £1499 to £999.

 
 

"We know that brokers are talking to clients that are starting to think about moving from their SVR to a fixed deal," said Halifax Intermediaries head of sales Ian Wilson. "Together with the launch of the new deals, the reductions ensure that Halifax has competitive options at all LTV levels for these customers."

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