Halifax cuts rates by full 0.5 per cent

The Halifax said that , following the special meeting today by the Monetary Policy Committee and its decision to make a 0.5% reduction in the Bank Base Rate, Halifax will be reducing its standard variable rate from 7.00% to 6.50%.


8 October, 2008

As usual, the 0.5% reduction will come into effect for borrowers, including tracker mortgage customers, from 1 November 2008.

The reduction for existing borrowers will come into effect at the same time as any change in savings rates on 1st November 2008. Full details of changes to savers rates will be announced later this month.




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