Halifax Intermediaries announces mortgage rate changes effective 25th October.
- The adjustments primarily affect homemover and first-time buyer products.
- Selected 5-year fixed-rate offerings will see increases of up to 0.08%.
- Halifax urges applications be submitted by 8pm today to lock current rates.
- Updated tools available to brokers and customers from tomorrow for guidance.
In a significant update from Halifax Intermediaries, mortgage rates across selected products are set to change tomorrow, on 25th October. The adjustments predominantly target homemover and first-time buyer products, reflecting the evolving landscape within the mortgage sector.
The new rates will include increases of up to 0.08% on selected 5-year fixed-rate mortgage offerings. This change indicates an adaptive strategy by Halifax in response to current market conditions, striving to balance competitiveness and sustainability within its product range.
To ensure that brokers and customers have access to accurate and up-to-date information, Halifax Intermediaries has committed to updating its product search tool, Halifax Intermediaries Online, alongside other sourcing systems from tomorrow. This move is intended to facilitate the transition to the new rates and ensure a seamless continuation of service.
In a proactive step to manage the transition effectively, Halifax has set a critical deadline for applications to be submitted in full by 8pm on 24th October. Applications submitted after this deadline will fall under the new rate regime, highlighting the importance for applicants to act promptly in securing the current rates.
Halifax’s announcement underscores a commitment to transparency and customer support amidst these changes, aiming to equip customers and intermediaries with the necessary tools and information to navigate the evolving mortgage environment successfully.
Halifax’s strategic rate adjustments reflect its commitment to adapting to market trends and supporting customers effectively.
