Halifax mortgage rates to go down

Published: May 30, 2008

Halifax announced today that they will be reducing their tracker rates and arrangement fees from Monday 2nd June, with rates from 6.24% on their 5 year tracker to 6.34% on their term tracker.

This reduction will see some rates cut by 0.3% and some fees reduce by as much as £500

A three-year tracker with a maximum LTV of 75% was set at 6.64% with a £1,499 fee. It will now change to 6.34% with a £999 fee.

A three-year tracker with a 75% to 90% LTV set at 6.99% with a £1,499 fee will now be set at 6.75% with a £999 fee.

Jerry Figueroa-Lee, Operations Director at The Mortgage Warehouse, commented: This move is not unexpected and brings Halifax's rates inline with other lenders tracker rates. With increases in fixed rates this week with a number of lenders and the recent rise in swap rates, we expect to see a number of other lenders following Halifax's move.