Halifax launches 2.69pc five year fix

The 60% LTV, 5 year fixed rate mortgage has a £1,995 fee.

Commenting, Craig McKinlay, new mortgages director at Halifax, said: "We are continuing to enhance our mortgage range and offer competitive products across all loan to value ranges to help all homebuyers.

"Homemovers play a key role in ensuring the strength of the property market and we are committed to helping these buyers take the next step on the ladder.

“We are increasing choice and, by listening to customers, providing products that offer added value through initiatives such as our current offer of £500 cashback towards moving costs."

The launch of this new mortgage product follows a series of rate cuts across Halifax's range since the beginning of the year.