Halifax Intermediaries is to refund valuation fees to first-time buyers and home movers.

Meanwhile, Halifax Intermediaries has also cut rates for first-time buyers and home movers by up to 0.40 percentage points.

The refund valuation is available on two-year no product fee fixed products up to 85% LTV for first-time buyers and home movers. It includes no product fee new build products up to 80% LTV for first-time buyers and home movers.

Rate changes to home mover products and rate reductions for first time buyers – these include:

• 0-60%% LTV 2 year fixed rate products have been reduced by 0.10 percentage points for home movers and up to 0.35 percentage points for first-time buyers. Rates now include 1.44% (£999 fee), and 1.84% (no fee) including the Refund of valuation offer
• Further rate reductions up to and including 90% LTV 2 year home mover and first-time buyer products

Help to Buy Mortgage Guarantee Scheme products reduced

• 90-95% LTV 2 year fixed Help to Buy Mortgage Guarantee Scheme products for home movers and first-time buyers have been reduced by 0.40 percentage points. Rates now include 4.09% (£999 fee) and 4.49% (no fee)

Two-year tracker rates for home mover and first time buyer products

• 0-60% LTV 2 year tracker rate products have been reduced by 0.10 percentage points for home movers and 0.35 percentage points for first-time buyers with rate now 1.14% (£999 fee)
• 0-75% LTV 2 year tracker rate products have been reduced by 0.10 percentage points for home movers and 0.35 percentage points for first-time buyers with rate now 1.44% (£999 fee)
• 75-80% LTV 2 year tracker rate products have been reduced by 0.10 percentage points for home movers and 0.30 percentage points for first-time buyers with rate now 1.74% (£999 fee)
• 80-85% LTV 2 year tracker rate products have been reduced by 0.05 percentage points for home movers and 0.35 percentage points for first-time buyers with rate now 1.84% (£999 fee)

Ian Wilson of Halifax Intermediaries said: “Offering borrowers a refund on property valuation costs is another example of where we offer our customers not only competitive products but also great service through our Service Excellence programme.

“These latest intermediary rate cuts show that we remain committed to helping customers save money by taking out a mortgage with Halifax.”