Welcome to the new look Mortgage Introducer website and magazine, committed to bringing you the best educational, analytical and impartial coverage of your market
Robyn Hall
Just Retirement is going on the road over the next few months. This seminar is in Strathclyde.
Area Sales Manager - Financial Services - London
North London
Mortgage Consultant / Mortgage Adviser - Fulham
South London
House price search
Enter your postcode here to find out how much your property is worth, based on Land Registry data.
RSS Feed
Daily news archive
Halifax passes on full rate cut
10 November, 2008
Following the announcement by the Monetary Policy Committee of a 1.50% decrease in the Bank Base Rate, Halifax will also be decreasing its standard variable rate (SVR) by 1.50%.
The Halifax SVR will now reduce from 6.50% to 5.00%, one of the most competitive in the market, they say.
The 1.5% reduction will apply across the Group's other mortgage brands as well - Bank of Scotland, Birmingham Midshires, Intelligent Finance and The Mortgage Business.
This reduction in the Halifax standard variable rate follows the 0.50% cut last month when Halifax also fully passed on the Base Rate Reduction announced by the Monetary Policy Committee. Halifax was one of the very few lenders to pass on in full last month's 0.50% reduction to its customers.
As usual, the 1.5% reduction will come into effect for borrowers from 1 December 2008.
Have Your Say