Halifax Intermediaries reduces mortgage rates by up to 0.92%

Halifax Intermediaries recently declared a decrease in interest rates by as much as 0.92% for its different mortgage options.

There are several different types of homebuyer products available for people looking to purchase a home. These include options for first-time buyers, those looking to purchase a newly constructed home, individuals seeking to obtain a large loan, and affordable housing solutions such as shared equity and shared ownership. Additionally, there are green home products available that are similar to these options.

The fixed rates for remortgage options, such as substantial loans, cost-effective housing, and environmentally friendly home products, have been reduced by as much as 0.83% for two, five, and 10-year periods.

The noteworthy points about remortgaging are that the two-year fixed interest rates have gone down. The decrease is by 57bps to 4.68% with a 60% loan-to-value ratio (LTV). The decrease is by 83bps to 4.81% with a 75% LTV. The decrease is by 47bps to 5.41% with an 80% LTV.

There have been reductions in the remortgage rates for a five-year fixed term. The 85% loan-to-value product has decreased by 40 basis points to 5.08%, and the 90% loan-to-value rate has decreased by 41 basis points to 5.27%. Every product is accompanied by a fee of £999.

Furthermore, Lloyds Banking Group has reported a decrease of up to 0.92% in both product transfer and continued development products. It should be noted that these rates are tailored to individual clients and are not publicly available.

As a component of the modifications, deadlines for completion have been prolonged by an additional 30 days.