Halifax launches its lowest ever stepped fixed rate products

Halifax has announced the launch of a range of 'low start' stepped fixed rate mortgages.

The range is specifically designed to help buyers deal with the initial costs of buying a home and adjust their financial planning over the longer term – whether they are buying for the first time or moving home.

Introductory rates range from 1.99% to 3.99% and fees vary accordingly, enabling borrowers to pick the product most suitable for their individual needs. In line with other products in the Halifax mortgage range extended early repayment charges will not apply to these products.

Mark Heaton, head of mortgages, Halifax said: "'Low start' helps borrowers to plan their finances over a longer time frame – whether they are buying for the first time or moving home."