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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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