Halifax cuts rates on high LTV loans

The lender’s 85%-90% LTV 2 and 5 year products have been reduced by 0.4%, with rates from 3.74% (£1,499 fee).

Its 80%-90% LTV 2 year products aimed at affordable housing (shared equity/shared ownership) for first-time buyers and homemovers have been reduced to 4.09% with a £999 fee.

Ian Wilson, head of Halifax intermediaries, said: “Halifax Intermediaries is committed to providing competitive products and great service, and these latest rate reductions highlight our continued support for first-time buyers.

“Intermediaries expect great products backed up by the provision of great service, and that is what we aim to deliver.”