Halifax
fixed rate mortgage range
Changes as at 02/02/06
Halifax announced changes to their fixed rate mortgage range this week. Their 2 year fixed rate mortgage comes with a rate of 4.45% for the first two years, after which it returns to the lenders standard variable rate, giving an overall APR of 6.4%. The mortgage is available to those who can afford a minimum 25% deposit and the £699 arrangement fee, which can be added to the loan. Those who can only afford a 10% deposit can receive the 2 year fixed rate mortgage with an interest rate of 4.59%. The mortgage has an early redemption penalty that lasts until the fixed rate period is over.
The Halifax 10 year fixed rate mortgage was reduced to 4.99% and is available on a maximum loan to value of 97% for loans up to £150,000.