Halifax makes over mortgage range

Halifax has announced changes to its mortgage products. A range of new deals will launch on Friday 11 February in addition to reductions across the range.

The newly launched range of two year deals, will includes these options up to 60% LTV:

Two year fixed at 3.14% with a £995 product fee
Two year tracker at 2.49% with a £995 product fee

In addition, Halifax is also making reductions of up to 0.45% to deals at 75% LTV and above.

A two-year fixed product available up to 75% LTV for remortgage customers has been reduced to 4.24%. This deal has no product or valuation fee and includes free conveyancing. It is designed to provide an attractive fixed rate for customers that may currently be on their lender's reversionary rate.

For borrowers looking to remortgage, a three year fixed option available up to 75% LTV with a £495 product fee has been reduced by 0.45% to 4.34%

At the higher LTV options, between 75% and 85%, the two year fixed rate has also been reduced by 0.45% to 5.59% with a £995 product fee.

Stephen Noakes, commercial director for mortgages explains the changes, "We know that homeowners are weighing up their options - considering whether now is the right time to remortgage, or which type of product to opt for. The fixed deal at 4.24% with no product or valuation fee and free conveyancing is likely to hold real appeal for these borrowers. Whether borrowers are remortgaging or buying a new home, these changes have really updated our offering, launching new deals to bring us in line with the market and offering competitive options for a range of situations."