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Halifax reduces rates and fees on a number of remortgage products

10th October 2014 Print

Halifax has announced it is cutting its remortgage rates by up to 0.50%, as well as reducing selected product fees.

The rate reductions are being applied to selected 2 and 5 year remortgage products and build on a number of rate reductions implemented by Halifax in recent weeks.

Furthermore, Halifax has almost halved first-time buyer, homemover and remortgage product fees across its range from £995 and £999, to £495.

As a result of the changes, Halifax customers can now benefit from the following remortgage products:

2 year remortgage at 0-60% LTV reduced by 0.20%, to 2.29% with £495 fee

2 year remortgage at 80-85% LTV reduced by 0.50%, to 2.94% with £495 fee

In addition, the Halifax remortgage service is included as standard offering customers their valuation and standard legal fees paid.

Craig McKinley, Mortgages Director at Halifax said: “We’re committed to providing great value mortgage products to borrowers whether they are looking to remortgage their existing home, or whether they are buying for the first time. These latest changes not only offer competitive rates, but also support customers with the costs of their valuation and legal fees.”