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The article reports that Halifax Intermediaries has cut a number of its 90% loan-to-value (LTV) fixed rate mortgages by up to 0.5%, including its two-year fixed rate with a 999 pound fee by 0.5% to 5.49%, and its seven-year fixed rate by 0.1% to 5.69% with a 1,000 pound ...
Halifax, which is the UK's biggest mortgage lender, said the new deals would be introduced on Friday and would include a five-year fixed rate offered at 5.28%, a 0.71 percentage point drop. Two-year fixed-rate loans will fall by as much as 0.27 percentage points. The rush to slash ra...
amount is the borrowed money, and the interest rate is the percentage cost of borrowing the funds. The term of a mortgage refers to how long the borrower has to repay the loan, whereas the type of mortgage refers to the specific mortgage plan — a fixed-rate or adjustable-rate mortgage....
deals in the first three months of the year.As a result, its market share for new mortgage business over the first half of 2007 was likely to fall below 10% ( the first time since 2000 that it has done so ( as brokers opted to take clients elsewhere.With three weeks of the trading...
Abbey and Halifax cut fixed rates by up to 0.2%The article reports that lenders Abbey for Intermediaries and Halifax have slashed fixed rate deals by up to 0.2%.Thomas, PaulMortgage Strategy
The new rate automatically applies to those 500,000 existing borrowers who are not tied in to special deals - such as fixed, discounted or capped rates - as well as to new customers.Halifax, Britain's biggest mortgage lender, responded by announcing that it will cut its own variable rate ...