Mortgage

Halifax and BM cut rates while Accord reprices both ways – Mortgage Strategy

Halifax, BM Solutions will cut rates by up to 29 basis points today, while Accord will make some cuts alongside a rate hike tomorrow.

Halifax has reduced rates for selected home movers and first-time homebuyers by up to 10 basis points today.

In an email to brokers yesterday, the bank did not highlight which rates had changed, but new product prices are now published on its agency website.

Also within Lloyds Banking Group, buy-to-let specialist BM Solutions has made some serious cuts today.

The lender has reduced prices on buy-to-let mortgages and buy-to-let transactions for individual properties by 29 basis points.

It also lowered limited company buy-to-let rates by 14 basis points.

Accord will take both a rate cut and a rate hike tomorrow.

In its new residential business line, purchase transactions with loan-to-value ratios of 75%, 80% and 85% will be improved by up to 10 basis points.

But on 90% and 95% LTV and £5,000 deposit mortgages, rates will be reduced by 5 basis points.

There will be no changes to remortgages or tracker rates tomorrow.

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