Money News
Halifax announced today that is will reduce mortgage rates with effect from Saturday 19th July. For example, the bank's five year fix which was priced at 6.49% is now priced at 6.34%. This will be the second time in a week and the eighth time in the past year that the bank has announced decreases.
Other Halifax brands, including BM Solutions, Bank of Scotland (BoS) and Intelligent Finance are also reducing some of their mortgage rates. Across the group, 48 mortgage products are decreasing. However, the vast majority of deals that are getting cheaper are only available to homeowners that have 25% equity stored up in their property.
18 July 2008 © Moneyextra.com
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