Mortgage Strategy - Halifax and Leeds latest lenders to lower prices

Halifax Intermediaries has announced it will be lowering fixed rates from tomorrow (17 April).

As part of the reductions, home mover and first-time buyer fixed rates will be lowered by as much as 0.35%.

Halifax Intermediaries and Scottish Widows Bank head Amanda Bryden comments: “Swap rates, which play a significant role in the price of mortgages, continue to be volatile, but while they are falling, we are taking the opportunity to pass that on to homebuyers.”

Also commenting on the Halifax Intermediaries reductions, Trinity Financial product and communications director Aaron Strutt says: “The big lenders really are lowering their rates now and the price cuts are getting more momentum. With HSBC, Santander, and now Halifax making some pretty chunky rate cuts NatWest and Nationwide may well follow soon.

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The information contained within was correct at the time of publication but is subject to change.

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