News in brief - 1 August 2025

Halifax has reduced rates across its residential two- and five-year mortgage products by up to 0.28%. As a result, its two-year fix at 60% LTV starts from 3.81%. Across the two-year range, rates start from 4.03% at 75% LTV, 4.33% at 80% LTV, 4.36% at 85% LTV and 4.72% at 90% LTV. On its five-year range, rates start from 4.03% at 75% LTV, 4.21% at 80% and 85% LTV, and 4.37% at 90% LTV.

Market Harborough Building Society has enhanced its residential product criteria in order to give brokers greater flexibility and help more clients to benefit from its lower tier rates. Updates include increased income multiples, with up to six times income now included in tier two products and over six times income available on tier three products. Affordability supported by savings are now accepted under tier two products, alongside income criteria that includes vested share income.

Coventry for Intermediaries has cut rates on all of its mortgages by up to 19 bps, with reduced rates available for new and existing customers. On its residential range, a two-year fix is now available at 3.88% at 65% LTV with a £999 fee for product transfer and further advance. For limited buy-to-let borrowers, a five-year fix at 75% LTV has been reduced to 5.24% with no fee.



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