Halifax cuts high LTV rates

Its 85% LTV 2-year fix stands at 2.04% for homemovers and remortgagors and 2.34% for first-time buyers with a £1,499 fee, while tracker equivalents are 1.89% and 2.19% with a £999 fee.

The lender’s 85% LTV 5-year fixes are 3.86% for homemovers and remortgators with a £999 fee and £1,499 fee, while tracker equivalents again stand at 1.89%.

To 90% LTV homemovers and first-time buyers can both take out a 2-year fix at 3.44% with a £1,499 fee and a 5-year fix at 4.24% for homemovers with a £999 fee.

Help to Buy mortgage guarantee rates stand at 4.49% to 95% LTV with a £999 fee.

Affordable housing shared equity and shared ownership rates stand at 3.79% for homemovers and first-time buyers and 2.39% for remortgagors to 85% LTV, all with a £999 fee.

Ian Wilson, Lloyds Banking Group, said: “The broker channel is very important to Halifax and these latest intermediary rate cuts offer borrowers not only competitive products but also great service through our service excellence programme.

“We remain committed to helping customers save money by taking out a mortgage with Halifax.”

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