New Mortgage Deals From Halifax

Halifax has made changes and added new deals to its mortgage range.

The new mortgage deals from Halifax include a two year fixed rate mortgage at 3.14% and a  2 year tracker mortgage at 2.49%. Both of these are available up to 60% LTV and have a £995 product fee.

Halifax is also reducing the rates on its mortgage deals at 75% LTV and above by up to 0.45%.

There is a remortgage option of a 3 year fixed mortgage, up to 75% LTV now at 4.34%. It has a £495 product fee.

For LTV between 75% and 85%, the 2 year fixed rate mortgage has also been reduced and now stands at 5.59% with a £995 product fee.

For those looking for a remortgage without a product or valuation fee and free conveyancing, there is a 2 year fixed rate mortgage with an interest of 4.24% available up to 75% LTV.

Stephen Noakes, commercial director for mortgages explains the changes, “We know that homeowners are weighing up their options – considering whether now is the right time to remortgage, or which type of product to opt for.

Whether borrowers are remortgaging or buying a new home, these changes have really updated our offering, launching new deals to bring us in line with the market and offering competitive options for a range of situations.”

MoneyHighStreet.com comment: Obviously it is encouraging to see Halifax make these positive changes, as it was recently to see that the number of mortgage products generally available has doubled over the last couple of years. The issue remains though that lenders are still generally reluctant to lend, with strict criteria that borrowers have to meet to be offered a mortgage. If and when the Bank of England raises the Base rate it’s not going to help borrowers either.