Halifax will reduce select mortgage rates, including homemover, first-time buyer and remortgage deals, by around 0.2%.
The changes to its mortgage rates will come into effect on 21 February.
Within its homemover and first-time buyer range, select fixed mortgage rates will be cut by around 0.2%.
This includes its two-year fixed homemover deal between 90% and 95% loan to value (LTV), which will fall by 0.2% to 5.29%. It has a £999 fee.
The firm’s five-year fixed rate at 90% LTV will decrease by 0.19% to 4.91%. It is also subject to a £999 fee.
On the remortgage side, mortgage rate reductions of up to 0.15% on select fixed rate products have been applied.
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For example, its one-and-a-half-year fixed rate at 90% LTV will go down by 0.15% to 5.08%. It has a £1,499 product fee.
Clydesdale Bank to cut select mortgage rates
Clydesdale Bank will lower select core mortgage products along with select exclusive deals.
The changes came into force on 20 February.
In its core product range, which includes product transfers, two- and five-year residential rates at 65% and 75% LTV will be lowered by up to 0.1%.
Within its exclusive range, two- and five-year residential remortgage exclusive rates at 75% LTV have been cut by around 0.05%.
Two- and five-year fixed large loan exclusive rates at 65% and 75% LTV will decrease by around 0.1%.
Product transfer exclusive rates at 65% LTV will fall by around 0.05%.
The lender’s two-year discount offset rate at 80% LTV will be reduced by 0.25% in line with variable rate changes.
Clydesdale Bank confirmed it had lowered its variable rates following the change to the base rate.
