Related topic: Halifax

Lloyds and Halifax make more cuts to select mortgage ranges, effective from today.

Many of the latest reductions focus on high-LTV products.

The mortgage is available to first-time buyers on homes up to £300,000.

Higher LTV five-year fixed rates have seen the largest reductions.

LBG’s product information will be automatically updated on Ignite, streamlining product onboarding.

Over half of residential cases are now eligible for API submission.

Rates now start from 3.55%.

75% LTV two-year fixed rates have seen the largest reductions.

Market activity was influenced by stamp duty changes that took effect at the beginning of April, but overall remained close to pre-pandemic levels.

The cuts follow a reduction to the minimum income required for enhanced LTI ratios through First Time Buyer Boost.