Further Rate Reductions Announced On Popular Home Loans

The Halifax, noted as one of the prime UK mortgage providers, has just cut the mortgage rates on some of its most popular home loan products.

The particular mortgage products that the Halifax are amending are their top selling fixed rate and tracker mortgages, with reductions of a quarter of one percent as long as the customer can make a deposit of 25 percent or more of the property value.

Other lenders as well as the Halifax will probably cut their mortgage rates too as they are passing on the lower rates the banks themselves are paying each other in the internal bank borrowing system.