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Halifax reduces rates on two-year fixes

Halifax Intermediaries has reduced rates by up to 0.7 per cent on a range of two-year fixed rate products as well as launching a new range of products.

The new deals are available from tomorrow.

The lender has reduced the rate on a two-year fixed, available to 60 per cent loan-to-value, by 0.7 per cent to 3.19 per cent and another two-year fixed, available to 75 per cent LTV, by 0.5 per cent to 3.59 per cent.

Halifax has also launched two new trackers at 60 per cent LTV for homebuyers and remortgage customers, with rates starting from 2.59 per cent and a £999 fee.

The lender has also cut fee on its existing two-year 75 per cent LTV tracker product from £1499 to £999.

Head of sales Ian Wilson says: “We know that brokers are talking to clients that are starting to think about moving from their SVR to a fixed deal. Together with the launch of the new deals, the reductions ensure that Halifax has competitive options at all LTV levels for these customers.”


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Advisers push for FSCS product levy

Advisers have urged regulatory authorities to consider introducing some form of product levy as an alternative means of funding the Financial Services Compensation Scheme. The recent FSCS £93m interim adviser levy, which followed an interim levy of £80m the pre- vious year, both mainly due to Keydata, plus a £40m annual FSCS levy bill for […]


Corporate finance adviser banned and fined £150,000

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Auto-enrolment — don’t leave it too late…

With auto-enrolment (AE) well under way for the UK’s largest businesses, over the next three years an additional 800,000 smaller employers (with less than 60 employees) will start their journey to comply with the legislation. AE mandates all eligible employees and their respective employers to make regular pension contributions into a qualifying pension scheme. To learn more about the legislation read our brief Jelf AEase — simple steps to AE compliance guide.


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