Halifax in shock mortgage rate cut after most lenders cut prices

Craig Fish, director of Beckton-based Lodestone Mortgages & Protection, said: “This move from Halifax stands out like a sore thumb, and shouts out loud that they need some business. They haven’t been priced very well of late, and its those lenders that have hiked their rates that have been reaping the rewards of their pricing strategy and winning all teh business. Now its all eyes on Halifax and exactly what rates they will have on offer. We just hope that these rates have some life in them and wont be withdrawn in a matter of days.”