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Halifax to raise rates by 0.32%

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Halifax has announced that it will change the rate to 0.32% on two-year products and selected 10-year products in various bands from 18 July.

The product range includes home buyer, new construction, major loans, first homes and affordable housing – shared equity, equity ownership and resale value, including equivalent products for green homes.

Two-year fixes now start at 3.24%, with the largest change of 0.32% occurring at 80% and 85% LTV.

Another significant change is the two-year LTV fixes of 60% and 90%, which will increase from 3.24% to 3.51% and from 3.38% to 3.65% respectively.

Five-year fixes now start at 3.51%, with the biggest change coming at 60% LTV, where the rate has risen from 3.45% to 3.66%.

Other changes saw the 95% LTV without a product fee fall from 4.14% to 4.00%, while the 95% LTV with a product fee of £995 also fell from 4.06% to 3.88% .

Meanwhile, the changes for the 10-year fixes included 75% LTV with the £999 product fee increasing from 3.38% to 3.43%.

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