Halifax to Slash Rates on Monday
May 30th, 2008 by 
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Halifax has unveiled a new mortgage range which will come into affect on Monday including tracker rates cut by 0.3%.
It is also rumoured that the UK’s largest mortgage lender will cut arrangement fees by up to£500.
Recently a three-year tracker with a maximum LTV of 75% was set at 6.64% with a £1,499 fee. It will now reduce 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 lower to 6.75% with a £999 fee.
Halifax says it will be alerting brokers with the new mortgage details before the end of the week.
David Hollingworth, head of communications at London & Country, says: “It’s very good news.
“With fixed rates potentially on the rise because of the rise in swap rates, any rates getting cheap is a good thing.”
Posted in Mortgage news | 