Halifax cuts mortgage rates by up to 0.30%

Halifax has become the latest lender to announce reductions across its residential mortgage range this week.

In its homemover and first-time buyer ranges, selected rates have reduced by up to 0.11%.

Product transfer and further advance products have decreased by up to 0.30%.

Selected remortgage products have also seen reductions of up to 0.30%, with 1.5 year fixed rate remortgage products seeing rate increases of up to 0.07%.

Last week, Halifax launched a combined product transfer and further advance application process

Brokers can apply for additional borrowing, amend the term of the existing sub-accounts if required, and where eligible include a product transfer to select a new product for those sub-accounts.

The new application process offers instant decisioning with a Decision in Principle that has a ‘soft footprint’ credit search. Brokers can create and review illustrations instantly, save and resume keying, and have the ability to amend the loan amount and other details before submitting the application in full.