Related topic: Halifax

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.

Lloyds is committing a further £1bn for first-time buyers.

Halifax’s FMA will be delivered via Submissions Brain and will save brokers an average of 30 minutes on every application.

The bank has lowered the minimum income for non-UK applicants.