Halifax has joined the battle to offer the best mortgage deals, slashing rates below 4%!

From August 9th, Halifax is cutting rates by as much as 0.16% on certain products. This means both home movers and first-time buyers can now snag a five-year fixed-rate mortgage at just 3.99% for loans up to 60% of the property value.

If you’re after a shorter-term deal, Halifax is also offering a tempting two-year fix at 4.36% with a £999 fee, again for loans up to 60% LTV.

This move from Halifax comes hot on the heels of similar rate cuts from other big names like HSBC, Natwest, and Barclays. They’re all responding to Nationwide’s recent foray into sub-4% deals, sparking a real price war in the mortgage market.

Andrew Montlake, Managing Director of Coreco, commented on the trend: “Lenders big and small are trimming their rates daily. This morning, it was April Mortgages; now, it’s a giant like Halifax. All these cuts are really boosting demand, and the outlook for the rest of the year is looking very positive.”