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Loans Latest News Halifax cuts interest rates on mortgages
Loans Latest News Halifax cuts interest rates on mortgages Halifax cuts interest rates on mortgages
Halifax has announced it is cutting interest on its fixed rate mortgages by up to 0.40 per cent (40 basis points).
The building society will reduce the cost of borrowing for home-buyers from today (July 15th).
A spokesman for the UK's largest lender said the move would prove "very tempting" for consumers, with mortgage lenders competing for market share by reducing the cost of borrowing.
"The cost of fixed rate mortgages have fallen considerably over recent months in response to the money markets cutting the cost of borrowing," said Tim Anson, head of mortgage products at the Halifax.
"For borrowers who want the peace of mind and certainty of payment that a fixed rate mortgage offers, some of these deals will be very tempting indeed," he added.
The announcement by Halifax follows this week's decision by rival Nationwide to reduce its fixed rate mortgage deals for the second time within weeks.
The building society will reduce the cost of borrowing for home-buyers from today (July 15th).
A spokesman for the UK's largest lender said the move would prove "very tempting" for consumers, with mortgage lenders competing for market share by reducing the cost of borrowing.
"The cost of fixed rate mortgages have fallen considerably over recent months in response to the money markets cutting the cost of borrowing," said Tim Anson, head of mortgage products at the Halifax.
"For borrowers who want the peace of mind and certainty of payment that a fixed rate mortgage offers, some of these deals will be very tempting indeed," he added.
The announcement by Halifax follows this week's decision by rival Nationwide to reduce its fixed rate mortgage deals for the second time within weeks.
Friday, 15 July 2005 14:09
Top 5 Personal Loans
|
Loan |
Representative APR |
Min Loan |
Max Loan |
Min Term |
Max Term |
Apply |
|---|---|---|---|---|---|---|
| View Full Table > | ||||||
 |
6.8%
|
£7,500
|
£14,999
|
1 Year
|
5 Years
|
|
| Representative Example: £7500 borrowed over a period of 5 years at 6.8% (fixed) equals monthly repayments of £148 and a total amount repayable of £8,868. There are no other charges included in the total charge for credit. | ||||||
 |
8.2%
|
£5,000
|
£7,499
|
1 Year
|
7 Years
|
|
| Representative Example: £5000 borrowed over a period of 5 years at 8.2% (fixed) equals monthly repayments of £102 and a total amount repayable of £6,112. There are no other charges included in the total charge for credit. | ||||||
 |
6.1%
|
£7,500
|
£14,999
|
1 Year
|
10 Years
|
|
| Representative Example: £7500 borrowed over a period of 5 years at 6.1% (fixed) equals monthly repayments of £145 and a total amount repayable of £8,721. There are no other charges included in the total charge for credit. | ||||||
|
|
8.1%
|
£15,001
|
£25,000
|
1 Year
|
7 Years
|
|
| Representative Example: £15001 borrowed over a period of 5 years at 8.1% (fixed) equals monthly repayments of £305 and a total amount repayable of £18,293. There are no other charges included in the total charge for credit. | ||||||
|
|
6.1%
|
£7,500
|
£15,000
|
1 Year
|
7 Years
|
|
| Representative Example: £7500 borrowed over a period of 5 years at 6.1% (fixed) equals monthly repayments of £145 and a total amount repayable of £8,721. There are no other charges included in the total charge for credit. | ||||||
