Halifax has made reductions across its residential mortgage range, including first-time buyer, new-build, large loans, affordable housing, shared equity or shared ownership, and the equivalent Green Home products.
Selected 2-year and 5-year fixed rate products have been cut by up to 0.45%
In addition, the maximum loan on selected fixed and tracker homebuyer products was increased to £2m.
Highlights from the reductions include a 2-year fixed rate up to 60% loan-to-value (LTV) at 4.27%, as well as a 2-year fixed rate up to 85% LTV at 4.57%.
The lender also introduced a 5-year fixed rate up to 80% LTV at 4.18%, and a 5-year fixed rate from 90% to 95% LTV at 5.00%.
Amanda Bryden, head of Halifax Intermediaries and Scottish Widows Bank, said: “There is increasing confidence in the market and rates are falling.
“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 reduction last week.
“Following moves by Barclays and Santander over the past few days, despite the uptick in swap rates, Halifax still feels there is ground to pass on reductions to win more business.
“Lenders certainly have enough appetite for volume, even at skinny margins, to continue to battle and hold on to their current low rates longest.
“It’s been a while since we’ve seen lenders prepared to sacrifice margin for volume, but this is all welcome news for purchases and those coming to the end of their fixed deal.”
