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Halifax cuts resi rates by up to 11bps, MHBS by 20bps – Housing Strategy

Halifax has reduced selected residential prices by up to 11 basis points, while Market Harborough Building Society has reduced some of its house and owner occupier prices by around 20bps.

Highlights of the move in Halifax include reductions of up to 9bps between two- and five-year home purchase products, including first-time buyer, senior mortgage, new build and affordable homes – shared equity/shared ownership and similar green home products.

Discounts of up to 11bps between two and five year mortgage products, including senior loans, affordable housing – shared equity/shared ownership and similar green home products.

And a reduction of up to 11bps between two and five year product transfers and upgraded products.

Meanwhile, Market Harborough Building Society’s two- and three-year residential fixes are down 20bps while five-year fixes are 15bps lower across its specialist range, including expat, let, holiday let and multi-generation loans.

Its current rates start at 6.40% variable, and 5.45% fixed, for three years, up to 60% loan to value, with a product fee of £995.

The borrower grade is limited based on difficulty, with the lowest category including retirement loans, single owner joint borrowers, second homes and simple attachment applications.


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