Halifax is cutting rates on some of its mortgages by up to 0.45%, and is to introduce four new fee-free products tomorrow.
 
The new rates include a two-year tracker at 5.59%, down from 5.69%, with up to 75% loan-to-value and a £1,999 fee. There is also a three-year fixed rate at 6.04%, down from 6.49%, up to 75% LTV and a £499 fee. The deals have to be arranged through a mortgage broker.

The new fee-free products include a three-year tracker at 6.19%, up to 60% LTV, and a two-year fixed rate at 6.39% and up to 60% LTV.

"We are simply passing on the recent cut in swap rates," said a Halifax spokeswoman.

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