Halifax has announced a set of mortgage rate reductions with cuts of as much as 0.35%.
The changes apply to the bank’s one-and-a-half- and three-year fixed remortgage deals. Halifax launched the one-and-a-half-year fixed remortgages in November.
This includes the one-and-a-half-year fix at 60% loan to value (LTV), which has been lowered by 0.15% to 4.22%, while the option at 75% LTV has gone down by 0.23% to 4.39%.
At 80% LTV, the one-and-a-half-year fixed remortgage has fallen by 0.27% to 4.77%, and the 85% LTV deal has gone down by 0.35% to 4.9%. At 90% LTV, the one-and-a-half-year fixed remortgage has gone from 5.63% to 5.28%.
All deals have a £1,499 fee.
Across its three-year fixes, the fee-free remortgage at 60% LTV has been cut by 0.01% to 4.41%, while the option with a £999 fee has been cut by 0.05% to 4.18%.
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At 80% LTV, the fee-free product has been cut by 0.11% to 4.96% and the option with a £999 fee has gone from 4.88% to 4.73%.
The 85% LTV fee-free deal has been cut by 0.11% to 5.06% and the product with a £999 fee has been cut by 0.15% to 4.83%.
A reduction of 0.04% was made to the fee-free three-year fixed remortgage at 90% LTV to a rate of 5.44%, while the option with a £999 fee has been reduced by 0.08% to 5.21%.
The rates on its three-year fixed remortgages at 75% LTV are unchanged.
Analysis published by UK Finance at the end of last year suggested more mortgages would be due for refinancing in 2025.
