Halifax makes more mortgage rate cuts
The new rates will be effective from Saturday 26th July. This will be the lender’s ninth decrease in rates so far this year.
Bank of Scotland, the Group’s large loan specialist is also making a number of reductions.
Across the Group, 45 mortgage products are decreasing.
Halifax - 16 rates reducing by up to 0.30 per cent
Bank of Scotland - 29 rates reducing by up to 0.45 per cent
In addition to the reductions in rate, a number of new products are being launched including a 10 year fixed rate and a number deals for customers borrowing over £500,000.
Example rates;
Brand
Type
Change
Old Rate
New Rate
Change
Halifax
Large Loan 2yr Fix
Decrease
6.99%
6.69%
-0.30%
Halifax
2yr Remortgage BBR
Decrease
6.04%
5.94%
-0.10%
Halifax
10yr Fixed rate
New
-
6.29%
-
Bank of Scotland
Large Loan 2yr Fix
Decrease
7.09%
6.64%
-0.45%
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