Halifax and Lloyds cut rates

Michael Lloyd

September 26, 2019

Both Halifax and Lloyds Bank have made rate reductions.

For purchases, Halifax has cut its 2-year variable tracker rate mortgage by 0.05%, making it the lowest within the sector according to Moneyfacts.

The product is available at 85% loan-to-value (LTV) and comes with a £999 product fee.

Rachel Springall, finance expert at Moneyfacts, said: “House purchase customers searching for a low rate may find this deal attractive and they can also add the product fee to the mortgage advance.

“As a result, the deal earns a Moneyfacts product rating of outstanding.”

Lloyds Bank has also made reduced its 5-year fixed remortgage deal.

Now priced at 1.92% and available at 85% LTV, the mortgage comes with a free valuation, free legal fees and a £999 product fee.

Springall added: “Borrowers looking for a competitive rate and cost-saving incentive package from a well-known high street brand may find this deal enticing. As a result, the deal earns a Moneyfacts product rating of outstanding.”


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