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Halifax rate cuts

ended 30. May 2026

Halifax have announced rate cuts from Monday - what are advisers thoughts on the trajectory of rates and lender moves.

Halifax Intermediaries – Rate Reductions (from 1 June)

  • First-Time Buyer & Homemover fixed rates reduced by up to 0.12%.
  • Remortgage fixed rates reduced by up to 0.14%.
  • Product search tools and sourcing systems will be updated on Monday 1 June.
  • To secure current product codes, applications must be fully submitted by 5pm on Saturday 30 May.
  • Updated products will be available on the Halifax Intermediaries website from 1 June.

Key point: Halifax is lowering rates across selected fixed-rate mortgage products, with the biggest reductions applying to remortgage deals.

4 responses from the Newspage community

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David Stirling
Independent Financial Adviser at Mint Wealth
Halifax cutting rates ahead of June is a positive move, but don't mistake momentum for a trend. Swap rates are still volatile, and what's available on Monday may not be there by Friday. If you're sitting on the fence waiting for rates to fall further, you could easily miss the window. If the numbers stack up for you today, then you should act. Lock it in, and then keep one eye on the market.
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Justin Moy
Managing Director at EHF Mortgages
Good to see further cuts from one of the major High Street lenders, as Swap rates improve a little and confidence returns with mortgage providers. Good to see both homemovers and remortgage clients will benefit too. The 'little and often' approach creates havoc for both brokers and borrowers, so hopefully we will not see any changes smaller than 0.1% from Halifax or other high street lenders.
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Charles Hart
Business Principal at LionHart Mortgages & Protection
The sun was shining last week, but it was raining rate cuts. Halifax have reacted to many of their peers reducing products across their mortgage ranges as the price of crude oil and swap rates deflate like the overused paddling pool.

However, we have repeatedly seen how fragile and short lived these wins can be, so acting quickly to secure fresh reduced rates will be key.

Lenders will remain keen to lend, and several forecasters report more optimism regarding potential Bank of England rate increased than we saw a month or so ago. This is expected to help fuel the post half term rush back to the property market for the many active buyers still out there.
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Nouran Moustafa
Practice Principal & IFA at Roxton Wealth
Halifax cutting rates is good news, but let’s not pretend a 0.12% reduction suddenly fixes affordability. Borrowers are not sitting there thinking, “fantastic, my life has changed”. They are still dealing with higher monthly payments, tighter criteria, childcare costs, food prices and nervous household budgets.

What this does show is that lenders are starting to fight a bit harder for the right business. Remortgage clients are especially valuable because millions are still rolling off cheaper historic deals, and lenders know those borrowers are shopping around.

I do not think we are heading into some magical rate free fall. This feels more like careful competition than a market revolution. The clients who benefit most will be the ones who review early, understand their options and do not just chase the lowest headline rate.

A small rate cut helps, but strategy matters more than excitement.