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"Hats off to the Halifax" as it cuts rates by up to 0.31%

ended 06. March 2025

Halifax is the latest lender to announce rate cuts, which will go live from tomorrow, Friday 7th March. Selected remortgage fixed rates will be reduced by up to 0.25% while product transfer and further advance rates will be reduced by up to 0.31%. Newspage asked brokers for their views, below.

9 responses from the Newspage community

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Rohit Kohli
Director at The Mortgage Stop
This is really good news from the Halifax. More reductions will be welcomed by borrowers in the face of rising swaps and gilts. There is plenty of instability out there at the moment so I'm not sure how long these reductions will last so it's worth acting quickly if you’re looking to borrow.
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Pete Mugleston
Mortgage Advisor & Managing Director at onlinemortgageadvisor.co.uk
Halifax’s latest rate cuts are fantastic news for borrowers, particularly those looking to remortgage or secure a better deal through a product transfer. In a competitive market, it’s great to see a major lender stepping up with meaningful reductions. This move not only helps existing customers lower their monthly payments but also signals continued confidence in rate stability. With more lenders likely to follow suit, borrowers should take advantage of these improvements while they last. It’s another positive step towards affordability and a more accessible mortgage market for homeowners.
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Katy Eatenton
Mortgage & Protection Specialist at Eatenton Finance
Rates are once again moving in the right direction. Hats off to the Halifax for these cuts as for borrowers, even small reductions can result in big savings. And in such a tough economic climate, even the smallest of savings can make a difference.
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Sean Horton
Managing Director at Respect Mortgages
More good news for borrowers as Halifax joins the rate-cutting party. With reductions of up to 0.31%, they're clearly keen to grab market share in a competitive landscape. This move follows similar reductions from other major lenders this week.
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Riz Malik
Independent Financial Adviser at R3 Wealth
Given recent market movements, these rates could be pulled very quickly. Hopefully it is a blip but if not we could see rates reprice upwards rather than downwards as everyone expects.
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Stephen Perkins
Managing Director at Yellow Brick Mortgages
This is great news from the UK's largest mortgage lender offering a glimmer of hope to homeowners and borrowers at a time when so many economic indicators are doom and gloom.
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Tony Castle
Managing Director at PFG Mortgages
Halifax has dropped mortgage rates just in time for spring, giving homebuyers a much-needed break as the housing market heats up. With lower rates, the season of new beginnings just got a little more affordable—so it's the perfect time to act before this opportunity slips away.
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David Stirling
Independent Financial Adviser at Mint Wealth
Halifax’s move to reduce rates on selected remortgage, product transfer, and further advance products offers much-needed relief to homeowners and those looking to remortgage. With rates slashed by up to 0.31%, Halifax is helping borrowers better manage their mortgage costs in an increasingly competitive market. As further rate cuts are expected throughout 2025, now is the perfect time for borrowers to carefully assess their options and secure the most favourable rates. For those seeking expert guidance, consulting a broker can ensure you make the best decision for your financial future.
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Elliott Culley
Director at Switch Mortgage Finance
Further rate cuts from Halifax are welcome news for the borrowers and increases the positive trend we are currently seeing from lenders. As a result we may see further decreases from other mortgage lenders.