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Halifax offers 90% LTV 7-year fix under 5% after round of rate cuts

Halifax Building 480

Halifax Intermediaries has cut rates on selected two-year mortgages by up to 0.3 per cent and is now offering a seven-year fixed rate available up to 90 per cent loan-to-value for under 5 per cent.

As well as cutting some of its two-year deals, the lender has cut the seven-year deal by 0.2 per cent to 4.99 per cent. It has no fee and comes with £500 cashback.

In its homebuyer range, Halifax has cut a 75 per cent LTV two-year fixed rate, which has a £999 fee, by 0.2 per cent to 3.04 per cent. It has also cut a fixed and tracker at 80 per cent LTV by 0.3 per cent to 3.59 per cent and fixed and tracker deals at 85 per cent LTV by 0.2 per cent to 4.24 per cent 4.09 per cent, respectively.

In its remortgage range, the lender has cut a 60 per cent LTV two-year deal, with a £999 fee, by 0.15 per cent to 2.64 per cent and another, which is fee free, by 0.1 per cent to 3.09 per cent.

Halifax has also cut a fixed and tracker, both with a £999 fee and available up to 75 per cent LTV, by 0.15 per cent and 0.1 per cent to 3.14 per cent and 3.09 per cent, respectively. At 80 per cent LTV, the lender has cut a fixed and tracker by 0.25 per cent and 0.3 per cent to 3.64 per cent and 3.59 per cent, respectively.

Halifax Intermediaries head of sales Ian Wilson says: “We are making a number of changes to our product range and are pleased to be able to continue to support the market. We are offering competitive rates and have an excellent range of products for homebuyers and remortgage customers to choose from supported by our strong service proposition.”

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