Halifax, a mortgage lender and a part of the HBOS Group, has made a number of reductions to its mortgage rates. It has reduced 31 of its rates by up to 0.40% across its fixed and tracker products.
In addition to this, a number of new 0-60% loan-to-value products have been launched, including a two-year fixed rate at 5.59%.
Birmingham Midshires Solutions (BM Solutions), a division of Bank of Scotland and Intelligent Finance, a division of Bank of Scotland and part of HBOS, are also reducing some of their mortgage rates. Across the group, 41 mortgage products are decreasing and there will be no increases.
BM Solutions mortgage rates that are changing include: a number of buy-to-let products reducing by up to 0.50%; and reductions of up to 0.30% on self cert products.
Intelligent Finance has reduced offset fixed rates by up to 0.60%, trackers by 0.55%; and is also launching a new offset term tracker product at 6.09%.