Halifax reduces rates across affordable housing range
Halifax has reduced the rates across its NewBuy, Shared Equity and Shared Ownership mortgages in a move which further strengthens its support of the affordable housing sector.
The changes, which came into effect on Friday 12th April include:
New Buy and MI NewHome
90% LTV 2 year fixed rate mortgage reduced by 0.30% to 4.69% with a £995 fee
90% LTV 2 year fixed rate mortgage reduced by 0.30% to 5.09% with no fee
90% LTV 7 year fixed rate mortgage reduced by 0.30% to 4.69 with no fee
Shared Equity and Shared Ownership
First Time Buyers and Homemovers
Up to 60% LTV 2 year fixed rate mortgage is being reduced by 30bps to 2.74% with a £999 fee
60% LTV 2 year fixed rate mortgage is being reduced by 30bps to 3.19% with a £999 fee
Up to 75% LTV 2 year fixed rate mortgage is being reduced by 30bps to 3.59% with no fee
Craig McKinlay, new mortgages director at Halifax, said: “As one of the largest supporters of New Buy, Halifax already represents a third of all applications and completions on the scheme.
“By further reducing the rates across our affordable housing mortgages, we are continuing to demonstrate our commitment to helping home buyers in this sector make their way onto, and up, the property ladder.”
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