Co-op and Halifax announce rate cuts – Mortgage Strategy

Co-operative for Intermediaries is to re-launch a collection of its Mainstream mortgage vary for each new enterprise and retention.

For brand new enterprise Mainstream the lender’s two and five- 12 months fastened £1999 charge 60% LTV merchandise are withdrawn, whereas two, three and 5 12 months fastened merchandise will probably be decreased by as much as 0.15%

For its retention Mainstream vary, the lender’s two and five-year fastened £1249 charge 60% LTV product is withdrawn whereas two, three and five-year fastened merchandise will decreased by as much as 0.15%

Halifax has additionally make modifications to its product vary, particularly remortgages.  From August 14 the lender is introducing fee reductions of as much as 0.37% on three- 12 months merchandise.