Moneyfacts: Halifax Mortgage Changes

Further to the Halifax mortgage changes, senior mortgage analyst at Moneyfacts.co.uk comments: "This move by Halifax reflects the mortgage changes that we have seen over the last couple of weeks. Lenders have to balance out the risk they are taking on, so its no suprise that Halifax are looking to attract the low risk borrowers.

"Increased rates on high loan to values spells bad news for first time buyers and remortgagors with little deposit. Anyone looking for a high loan to value is going to have a much harder time than they did 6 months ago.

"Despite these moves Halifax continues to offer competitive mortgages, especially for those with a larger deposit. Anyone interested must act fast as competitive products are not hanging around for long.