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Halifax launches direct-only two-year fix at 2.44%

Halifax has launched a direct-only two-year fixed rate at 2.44 per cent up to 60 per cent loan-to-value.

It is exclusively for remortgage customers and has a £1,995 fee.

Halifax mortgage director Stephen Noakes says: “This rate should prove very tempting to those customers looking to remortgage. Lower fixed rates really help to minimise customers’ monthly payments, and this is currently the lowest in the market.

“Halifax is working hard to challenge and to kick-start the remortgage market, and this product should really help those who wish to bring down their monthly payments.”

The lender is also reducing its two-year fixed remortgage rates by 0.1 per cent for 0-60 per cent LTV and 75-80 per cent LTV products and its two-year fixed remortgage products between 60-75 per cent by 0.05 per cent.

It is also reducing its two-year trackers up to 80 per cent LTV by 0.1 per cent and its two-year fixed homemover and first-time buyer products between 60-75 per cent by 0.15 per cent.


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There are 2 comments at the moment, we would love to hear your opinion too.

  1. If this was really the case the rate would not have such a large fee attached to it which increases the clients loan size.

    Will HaHalifax be telling people it is cheaper to borrow the money on loans of less than 150k on a 3.29% rate with no fee’s, or that they can purchase all the insurances at a fraction of the cost saving them money.

    Or that their are countless deals that represent better value over 2 years available.

  2. I wonder when mortgage providers will start to offer similar deals withing the broker channels as sooner or later they are going to need advisers, particularly with compulsory mortgage advice just around the corner.

    I think this is very short sighted of providers as there is no way that they will have adequate trained staff to offer full blown mortgage advice in the way that the regulator is intending.

    Even if they wanted to offer this product directly why is it that some lenders will not accept applications from brokers who have charged clients a research fee. It’s about time lenders worked with advisers and not against us.

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