Rates cut across Halifax brands

Halifax is reducing rates on a number of its mortgage products and has introduced a new 60% LTV tier for borrowers with large amounts of equity in their homes.

The lender also announced its BM Solutions and Intelligent Finance subsidiaries would be cutting rates from 30 August.

Halifax has launched a 60% LTV band, following similar announcements from Abbey and Woolwich earlier today, with products including a two-year fixed rate at 5.59%.

In addition, 31 other mortgage rates have been cut by up to 0.4% across Halifax’s range of fixed rates and trackers.

BM Solutions is cutting several mortgage rates, including reductions of up to 0.5% in its buy-to-let range and 0.3% from its self-cert products.

Intelligent Finance has cut its offset fixed rates by as much as 0.6% and trackers by up to 0.55%. A new offset term tracker has also been launched at a rate of 6.09%.

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