Discover Halifax Remortgage Rates Today

If you're thinking of remortgaging with Halifax, you'll want to know the current rates they're offering. Halifax offers a range of remortgage rates with varying fixed rates and terms.

Some of these rates have a lower rate for a shorter term, such as 2-year fixed rates. For example, Halifax's 2-year fixed rate is currently 1.99%.

Other rates have a longer fixed term, like 5-year fixed rates. Halifax's 5-year fixed rate is currently 2.29%.

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Halifax mortgage rates are generally competitive with other high street mortgage lenders, and often lower than specialist mortgage providers.

The exact rate you end up with will depend on the amount of deposit you have and the overall strength of your application.

You can compare the latest mortgage rates from Halifax with their competitors across the market using their free mortgage-sourcing tool.

Halifax has reduced remortgage rates by up to 0.33% across its products.

The bank's two-year fixed rate range now starts from 5.00% at 60% LTV, with fee-free products available.

At 80% LTV, rates are down by 32bps to 5.62%, while an 85% LTV rate has reduced to 5.77%.

Five-year fixed rates with no fee have reduced by 24bps to 4.55% at 60% LTV.

Here's a breakdown of the rate reductions for different LTVs:

These changes make Halifax's remortgage rates more competitive in the market.

The average two-year fixed mortgage rate is now 5.37%, down from 6.17% a year ago, according to Rightmove.

Halifax is now offering the lowest two-year fix on the market to those buying with at least a 40 per cent deposit.

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Halifax mortgage rates are generally competitive with other high street mortgage lenders, and often lower than specialist mortgage providers. This means you may be able to get a better deal with Halifax than with other lenders.

To get the best deal, you'll need to compare Halifax mortgage rates with those from other lenders. You can use a whole-of-market mortgage broker to get an overview of every Halifax mortgage product you qualify for, along with a comparison of equivalent deals from across the market.

Halifax offers a range of mortgage products, including fixed-rate and variable-rate mortgages. They also offer bespoke rates for existing customers, which means your options may differ from those listed in the tables.

Here are some typical Halifax mortgage transfer rates as of 30/04/2024:

Halifax also offers rates up to 95% loan-to-value (LTV), including Help to Buy Equity Loan rates and Shared Ownership product transfer rates.

You can start the remortgaging process by comparing Halifax remortgage rates to find the best deal for your needs. Halifax offers a range of remortgage options, including fixed-rate and variable-rate deals.

To apply for a remortgage, you'll need to provide financial information, including your income, expenses, and credit history. This information will help Halifax assess your eligibility for a remortgage.

The remortgaging process typically takes 2-6 weeks, depending on the complexity of your application and the speed at which Halifax processes it.

Remortgaging is a way to change your mortgage lender for a better rate, or to vary the terms of your mortgage. This can be a smart move if you're not happy with your current lender or if you want to borrow extra money.

You can remortgage to change lenders and get a lower interest rate, which can save you money on your monthly mortgage payments. This can be a big help if you're struggling to make ends meet.

Remortgaging can also give you the option to borrow extra money, which can be useful if you need to fund home improvements or pay off other debts. Just be aware that you'll need to make higher monthly payments to cover the extra loan.

Changing your mortgage terms can also be a good reason to remortgage, such as switching from a fixed-rate to a variable-rate mortgage. This can give you more flexibility with your payments, but be aware that variable rates can go up or down.

When considering your borrowing amount, it's essential to know how much Halifax will let you borrow. Halifax will let you borrow between 4.49 and 5.5 times your annual salary.

The exact income multiple they use will depend on your income, the LTV ratio, and the mortgage amount, among other factors. This means that your borrowing amount will be influenced by various factors.

You can use a mortgage calculator to work out how much you could potentially borrow from Halifax and other lenders who use these income multiples.

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Halifax has reduced its remortgage rates by up to 0.33%, with fee-free products now starting from 5.00% at 60% LTV.

Their two-year fixed rate range has been impacted, with rates down by 32bps to 5.62% at 80% LTV.

At 85% LTV, rates are now at 5.77%, a reduction from previous rates.

Five-year fixed rates with no fee have also been reduced, by 24bps to 4.55% at 60% LTV.

The exact rate you end up with will depend on the amount of deposit you have and the overall strength of your application.

You can compare the latest mortgage rates from Halifax with their competitors across the market using their free mortgage-sourcing tool.

Halifax mortgage rates are generally competitive with other high street mortgage lenders.

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You can compare Halifax mortgage rates from 90+ lenders in seconds using our free comparison tool.

Our tool will show you the latest deals from Halifax and other lenders, making it easier to make an informed decision about which option is right for you.

For another approach, see: Chattel Mortgage Lenders

To get started, simply fill in our quick online form or call 01484 242424 to speak to our expert mortgage advisers today.

Using a whole-of-market mortgage broker is the best way to compare Halifax mortgage deals, as they can provide you with an overview of every Halifax mortgage product you qualify for, along with a comparison of equivalent deals from across the market.

You can view Halifax mortgage deals for free through Teito, which also has mortgage brokers on hand to help you secure the right mortgage for you.

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