Halifax will lower remortgage rates with a £999 fee by up to 0.32% between 60% and 90% loan to value (LTV).
The changes to its remortgage rates will come into effect from 23 August.
For two-year fixed rates at 60% LTV, the remortgage rate will fall by 0.2% to 4.37%. At 75% LTV, the rate cut is 0.21% to 4.5%.
At 80% LTV, the remortgage rate will decrease by 0.32% to 4.92%. At 85% LTV, the price will fall by 0.26% to 5.13%.
The lender’s two-year fixed rate at 90% LTV will go down from 0.12% to 5.54%.
On the five-year fixed rate side, its 60% LTV remortgage rate will decrease by 0.23% to 4.02%. Going up to 75% LTV, the cut will be 0.22% to 4.18%.
At 80% LTV, the lender’s five-year fixed rate will fall by 0.19% to 4.66%. At 90% LTV, the rate will go down by 0.09% to 5.06%.
Earlier this week, Halifax lowered product transfer and further advance rates by up to 0.32%. Pricing in the range is personalised to the customer.
The firm also updated its non-sterling income and shared ownership criteria earlier this month.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
