Halifax slashes rates
Also in the first-time buyer range are 2-year fixes at 2.44% to 80% LTV and 2.69% to 85% LTV, while Halifax is also offering a 5-year fix at 2.94% to 60% LTV.
The lender’s 2-year trackers in the first-time buyer range stand at 1.49% to 60% LTV, 2.29% to 80% LTV and 2.54% to 85% LTV.
Ian Wilson, head of Halifax intermediaries, said: “Halifax had a strong year in 2014, with competitive products and a commitment to providing a great service to the intermediary market.
“These rate reductions demonstrate that we are serious in our intention to continue to build on this in 2015.”
With homemover and remortgage products 2-year deals to 60% LTV stand at 1.49% (tracker) and 1.64% (fixed), while to 80% LTV they stand at 2.29% (tracker), 2.44% for homemovers and 2.59% for remortgages (fixed).
To 85% LTV 2-year rates stand at 2.54% (tracker) and 2.69% for homemovers and 2.84% for remortgages (fixed).
All 5-year products to 85% LTV are being reduced by 0.20%, with rates starting at 2.94% for homemovers and 3.09% for remortgages to 60% LTV (fixed).
Halifax’s 75% LTV 2-year shared equity and shared ownership products stand start at 3.44% (fixed) and 3.74% for the Help to Buy equity loan.