Halifax has cut the rates on its two-year 90% loan-to-value (LTV) mortgages by 0.75 percentage points.

Rates are now as follows:

• Two-year fixed-rate mortgage at 90% LTV, 3.59% with a £495 fee.
• Two-year fixed-rate mortgage at 90% LTV 3.99% with no fee.

The maximum loan is £750,000. Early Redemption Charges of 3% to 29/02/2016 followed by 2% to 28/02/2017 apply.

In addition, first-time buyers applying for these products also qualify for the Halifax £500 Winter Warmer cashback offer, which gives qualifying first-time buyers £500 to put towards their winter fuel bills or to spend as they need upon completion.

Craig McKinlay, mortgages director at the Halifax, said: “Halifax is committed to supporting the UK housing market, and the changes made to these products demonstrate our ongoing dedication to helping first-time buyers and the wider homemover market.”