Halifax slashes rates

In addition it has launched two new 5-year fixed rate mortgages for homemovers and first-time buyers at 85-90% LTV have been launched.

Some of the changes include a 2-year fixed and tracker products for first-time buyers and homemovers have been reduced by between 0.10% and 0.30%. Includes Large Loan (£1m+) and New Build products

Ian Wilson, head of Halifax Intermediaries, said: "We are making further pricing reductions across our product ranges.

“With these reductions across all LTV ranges, we are responding to the changing market and providing brokers with an even more competitive suite of products to offer their clients.

“We are pleased to be able to continue to support not only first time buyers, but also the wider market.”