Halifax lowered some home rates by 10 basis points, while Santander lowered some homeowners and landlord prices by 16 basis points.
Halifax intermediaries lower their interest rates on self-taught, first-time buyers, payouts and product transfers.
Starting tomorrow, Hipemover and FTB products will see rates that can reduce up to 10 basic fixed-rate products.
The lender also announced an extension date for its completion date, FTB, Remortage and product transfer products.
Meanwhile, Santander will put fixed interest rates on Wednesday’s new business FTB, Homemover and landlord scope.
Its new FTB range can reduce up to 16bps. This includes 85% of the loan to a five-year fixed value, with a fee of £999 and a cashback of £250, at 4.21%.
The equivalent items with no fees were also reduced to 4.34% with a cash back of £250.
High Street lenders will also cut fixed rates by 10 basis points for about two, three and five years of residential cashing in fixed rates.
BTL purchases and cashes in fixed rates up to 10bps lower. Its larger loan ratio or tracker has no change.
For product transmission, most residential units can also reduce fixed volumes up to 10bps for two-year, three-year and five-year periods. There was no change in tracking rate or BTL fixed rate.
- Residential Porter – All 60-75% LTV 2 years and selected 85% LTV two-year and three-year fixed rates, lowering 5bps. All 60-90% of LTVs have reduced 4bps in five-year fixes
- BTL Buy – All 60-75% LTV Two- and Five-Year Repairs Reduced by 10bps
- Residential – All 75% of LTVs with three-year and 80% of LTVs with two-year and five-year fixed volumes decreased by up to 5bps. All 85% LTVs reduced by 10bps for two-year, three-year and five-year repairs
