Two-year tracker mortgage introduced by Halifax

Tuesday, 07 September 2010 12:00

Halifax has introduced a new two-year tracker mortgage to coincide with the launch of its Great Rate Cut, which sees it pledge to cut rates across its range of homeowner loans.

The new product from the lender is aimed at both first-time buyers and movers and offers a rate of 2.49 per cent until the end of next year, when it will rise to 2.79 per cent for another 12 months.

It is also cutting at least 0.3 per cent from mortgage rates for anyone who applies for a deal between September 6th and October 3rd, while those with Halifax current accounts will benefit from further reductions.

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