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Halifax cuts mortage rates

The UK’s largest mortgage lender has announced it is cutting some of its interest rates for new borrowers, for the third time this month.

The cuts, which come into effect from Saturday, will reduce the interest rates on 16 different deals by up to 0.3%.

Some of the most popular sort of mortgages, those fixed for two years, are not being changed as their rates were cut last weekend.

But three and five-year fixed rates, and the bank’s two-year tracker rate, are coming down by as much as 0.18%.

A new Halifax ten-year fixed-rate deal is also being launched at a rate of 6.29 per cent.


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