Halifax and Foundation lower rates, Bucks reprices range – Mortgage Strategy

Halifax Intermediaries is making selected rate reductions of up to 0.10% on two-, three- and five-year fixed products.

The changes come into effect tomorrow.

Trinity Financial product and communications director Aaron Strutt says: “Halifax is the latest big bank to announce rate cuts and there are rumors there are more pricing improvements coming from other large banks over the next few days.”

“Santander and Yorkshire Building Society are topping the best buy tables at the moment after bringing back more sub-5% fixes for borrowers to choose from.”

“Just a few days ago it seemed like all of the sub-5% fixes would be pulled but now there are at least six lenders offering them. This shows how quickly the mortgage market moves and why it is so important to monitor mortgage rates when you have a mortgage offer out so you can swap to cheaper rates if they suddenly appear.”

Meanwhile, Foundation has launched two BTL F1 Limited Edition remortgage-only products at 75% LTV.

The new products include a F1 Limited Edition two-year fixed remortgage only product at 75% LTV, with a rate of 4.99%, a 4% fee, one free standard valuation, £250 cashback and no application fee.

In addition, it has launched a F1 Limited Edition five-year fixed remortgage only product at 75% LTV, with a rate of 5.84%, a 5% fee, one free standard valuation, £250 cashback and no application fee.

Foundation has also reduced rates across selected 90% LTV residential products.

The residential reductions include the F1 two- and five-year fixed products at 90% LTV, reduced by 0.2%, with rates now at 7.09% and 7.29% respectively. Both products are available with no fee.

F1 Key Worker two- and five-year fixed products at 90% LTV have also been reduced by up to 0.2%, with rates now at 7.19% and 7.39% respectively. Both products are available with no fee.

Elsewhere, Buckinghamshire Building Society has updated its three-year products across everyday residential, retirement, retirement interest only (RIO), credit restore, first time buyer, buy to let (BTL) and portfolio buy to let.

Among the changes, three-year retirement and RIO fixed rates will move from 5.99% to 6.19%, while its three-year fixed credit restore products will now start from 6.39%.

The three-year fixed everyday residential and FTB products at up to 95% LTV will both move to 6.29%.

Within the BTL range, the three-year fixed limited company product will be available at 6.29%, while the portfolio BTL and expat portfolio BTL three-year fixed products will both move to 6.89%.

The society has also made changes to its one-year short term lending discount product, which moves from 5.89% to 5.99%, as well as changes across selected two-year everyday residential, credit revive and holiday let products.