Its two-year fixed rate at 60% LTV has dropped from 4.62% to 4.29%
Halifax has lowered two and five-year fixed rates for homebuyers and movers by up to 0.45%, bringing some deals below 5%.
Its two-year fixed rate at 60% loan to value (LTV) has dropped from 4.62% to 4.29%.
At 80% LTV, the reduction is from 5% to 4.57% and at 85% the reduction is from 5.02% to 4.57%.
The lender’s two-year fixed rate at 95% LTV has dropped by 0.34% to 5.51%.
Within five-year fixed rates, its deal at 80% LTV has dropped by 0.37% to 4.18% and at 85% LTV the rate has declined from 4.57% to 4.18%.
The lender’s five-year fixed rate at 95% LTV has gone down by 0.35% to 5%.
All the products above have a £999 fee.
Amanda Bryden, head of Halifax Intermediaries and Scottish Widows Bank, commented: There is increasing confidence in the market and rates are dropping. These cuts will be a boost to anyone looking to get on or move up the housing ladder.
Nicholas Mendes, head of marketing at John Charcol, said: This is Halifax’s second reprice this year, following a similar cut last week.
Following moves by Barclays and Santander over the last few days, despite the rise in swap rates, Halifax still feels there is ground to pass on cuts to win more business.
This is the second round of rate cuts from the lender in as many weeks as it started the new year with reductions of up to 0.92% across its remortgage, product transfer and further advance products.
Other high street lenders, such as HSBC, Natwest, TSB, Santander and Barclays have also reduced their rates in recent days.
Building societies, smaller banks and specialist lenders have also joined the rate cutting wave as swap rates, which dictate mortgage pricing, started to decline at the end of last year.