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Halifax to increase two and five-year fixed rate homebuyer deals

Anna Sagar
Written By:
Posted:
July 18, 2023
Updated:
July 18, 2023

Halifax will increase the rates for two and five-year fixed rate homebuyer products, which includes first-time buyer, new build, large loans and affordable housing products.

The changes come into force from tomorrow and applications in full need to be submitted by 8pm to secure current rates.

For homebuyers, fee-free two-year fixed rates start from 6.67 per cent at 60 per cent loan to value (LTV), whilst five-year fixed rates begin from 6.1 per cent.

Two-year fixed rates with a £999 fee are priced from 6.41 per cent and five-year fixed rates start at 5.99 per cent at 60 per cent LTV.

On the large loans side, which comes with a £1,499 fee, two-year fixed rates start from 6.66 per cent and five-year fixed rates are priced from 6.24 per cent.

For new build, fee-free two-year fixed rates are priced at 6.87 per cent at 60 per cent LTV with five-year fixed rate equivalents coming to 6.3 per cent.

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Two-year fixed rates with £999 fee at 60 per cent LTV come to 6.61 per cent and five-year fixed rates come to 6.19 per cent.

First Homes products on a two-year fixed rate term are 6.88 per cent at 75 per cent LTC and its five-year fixed rate at the same LTV is 6.31 per cent.

Fee-free green homebuyer products on two-year fixed rate terms start at 6.67 per cent and five-year fixed rates begin at 6.1 per cent.

Green homebuyer products with a £999 fee are priced from 6.41 per cent for two-year fixed rates and 5.99 per cent for five-year fixed rates.

New build green home products start at 6.87 per cent for a two-year fixed rate and 6.3 per cent for a five-year fixed rate.

First Homes green products are priced at 6.88 per cent for a two-year fixed rate and 6.31 per cent for a five-year fixed rate.