Mortgage Strategy - Halifax and Foundation lower rates, Bucks reprices range
Tags: Mortgage Strategy, Press Commentary
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 rumours 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.”
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