Halifax Mortage Rates 2025
Halifax Mortgage Rates Update April 2025: Latest Rates & Deals

Halifax Mortgage Rates Update April 2025: Your Complete Guide

Updated: April 24, 2025

Introduction to Halifax Mortgage Rates in April 2025

The Halifax mortgage rates update for April 2025 reflects a dynamic UK mortgage market, with Halifax, one of the country’s leading lenders, offering competitive rates to attract first-time buyers, home movers, and those looking to remortgage. As part of Lloyds Banking Group, Halifax has recently adjusted its rates and affordability criteria to make homeownership more accessible, especially in a market influenced by economic factors like the Bank of England’s Base Rate and inflation. If you’re searching for the latest Halifax mortgage deals, this guide provides a comprehensive overview to help you make informed decisions.

In this article, we’ll explore Halifax’s current mortgage rates, the factors driving these changes, and how you can secure the best deal. Whether you’re a first-time buyer or an existing Halifax customer, this guide is designed to answer your questions and optimize your mortgage journey in April 2025.

Overview of Halifax Mortgage Rates in April 2025

As of April 2025, Halifax has made significant updates to its mortgage offerings, including rate reductions and new products tailored to various borrower needs. According to recent reports, Halifax now offers some of the most competitive rates in the UK, with select fixed-rate deals dipping below 4% for low loan-to-value (LTV) mortgages. These changes come amid a broader trend of lenders cutting rates in response to economic shifts, including the Bank of England’s Base Rate holding at 4.5% and expectations of gradual rate reductions throughout the year. Learn more on Halifax’s official website.

Here’s a snapshot of Halifax’s standout mortgage rates for April 2025, based on the latest data:

  • 2-Year Fixed Rate (60% LTV): 4.06%, with a £1,099 fee (purchases only) HomeOwners Alliance.
  • 5-Year Fixed Rate (60% LTV): Starting at 3.97%, with a £999 fee (remortgages).
  • 2-Year Fixed Rate (90–95% LTV): 5.15%, no fee (homebuyers and remortgages).
  • 1.5-Year Fixed Rate (85% LTV): 4.9%, with a £1,499 fee (remortgages).
  • Tracker Rate: Variable, typically Base Rate (4.5%) plus 0.5%–1%, depending on LTV.

Note: Rates vary based on LTV, credit history, and whether you’re a new or existing customer. Always check with Halifax or a mortgage broker for personalized rates.

Why Halifax Mortgage Rates Are Changing in April 2025

Several factors are influencing Halifax’s mortgage rate adjustments in April 2025:

  1. Bank of England Base.ConcurrentMode Rate: The Base Rate, currently at 4.5% as of March 2025, significantly impacts tracker and variable-rate mortgages. While fixed rates are influenced by swap rates, the Base Rate sets the tone for borrowing costs. Experts predict three to four additional rate cuts in 2025, which could further lower mortgage rates. Halifax Base Rate Guidance.
  2. Economic Conditions: Inflation, at 2.3% in March 2025, remains above the Bank of England’s 2% target, prompting cautious rate adjustments. Global economic uncertainties, such as U.S. trade tariffs, have also led lenders like Halifax to cut rates to stimulate borrowing.
  3. Market Competition: Halifax is competing in a “mortgage price war,” with lenders like Barclays, HSBC, and Lloyds offering sub-4% deals. Halifax’s recent rate cuts, including a 2-year fixed rate at 3.99% for existing customers at 60% LTV, reflect this competitive landscape.
  4. Stamp Duty Changes: The reduction in stamp duty nil-rate bands from April 2025 may dampen buyer demand, prompting Halifax to ease affordability rules, allowing borrowers to access up to £38,000 more in some cases.

These factors create a favorable environment for borrowers, but rates could fluctuate if inflation or global events shift expectations.

Types of Halifax Mortgage Products in April 2025

Halifax offers a range of mortgage products to suit different needs. Here’s an overview of the main types available in April 2025:

Fixed-Rate Mortgages

Fixed-rate mortgages provide certainty, with rates locked in for 1.5, 2, 3, or 5 years. Halifax’s 2-year fixed rate at 4.06% (60% LTV) and5-year fixed rate at 3.97% are among the most competitive, ideal for those seeking predictable payments.

Tracker Mortgages

Tracker mortgages follow the Bank of England Base Rate plus a margin (e.g., Base Rate + 0.5%). These are riskier as payments can rise or fall, but they benefit from rate cuts, with current rates starting around 5% for low LTVs.

Standard Variable Rate (SVR)

Halifax’s SVR is 8.24% as of April 2025, the default rate after a fixed or tracker deal ends. It’s expensive, so switching to a new deal is recommended to save money.

First-Time Buyer Boost

Halifax’s First Time Buyer Boost allows borrowing up to 5.5 times income (LTI) for eligible applicants, making it easier for first-time buyers to enter the market.

Product Transfers

Existing Halifax customers can switch to a new rate up to four months before their current deal ends without a full affordability check, with rates as low as 3.99% for 2-year fixes at 60% LTV.

How to Secure the Best Halifax Mortgage Rate in April 2025

To get the most competitive Halifax mortgage rate, follow these steps:

  1. Compare Rates: Use Halifax’s mortgage calculator or consult a broker like Mojo Mortgages to compare Halifax’s rates with other lenders. Uswitch Halifax Guide.
  2. Improve Your Credit Score: A strong credit history unlocks lower rates. Pay debts on time and avoid new credit applications before applying.
  3. Increase Your Deposit: Lower LTV ratios (e.g., 60% vs. 90%) qualify for better rates. Aim for at least a 10% deposit.
  4. Consider Fees: Some low-rate deals have high fees (e.g., £1,499). Calculate the total cost over the deal term to decide if a fee-free option is better.
  5. Act Quickly: Rates can change daily. Submit applications promptly, especially for sub-4% deals, which may have limited availability.
  6. Use a Broker: Brokers can access exclusive Halifax rates, particularly for larger mortgages, and handle paperwork for free.

Pro Tip: Existing customers should explore product transfers to lock in rates early, avoiding the SVR. Contact Halifax at 0345 850 3705 or book a branch appointment.

Eligibility for Halifax Mortgages in April 2025

Halifax’s eligibility criteria depend on your financial situation and the mortgage type. Key factors include:

  • Income: Halifax accepts up to two incomes for joint applications and offers up to 5.5 times income for first-time buyers under the First Homes scheme.
  • Credit History: A good credit score is essential, though Halifax may conduct soft searches at the agreement-in-principle stage.
  • LTV Ratio: Lower LTVs (e.g., 60%) secure better rates. Halifax uses its House Price Index to estimate property values, which impacts LTV.
  • Repayment Plan: For interest-only mortgages, you must demonstrate a repayment plan to clear the loan at term end.

Halifax’s relaxed affordability rules in April 2025 allow borrowers to access larger loans, making it easier for first-time buyers and home movers to qualify.

Common Questions About Halifax Mortgage Rates

Are Halifax’s Sub-4% Rates Available to Everyone?

Sub-4% rates are typically for low LTVs (60% or less) and existing customers with strong credit. Higher LTVs (90–95%) have rates around 5.15%.

How Do I Apply for a Halifax Mortgage?

Apply online, by calling 0345 850 3705, or through a broker. Some deals are intermediary-only, so check with a broker like Mojo Mortgages.

Can I Overpay My Halifax Mortgage?

Yes, Halifax allows overpayments up to 10% annually without early repayment charges, helping you reduce interest costs.

What If My Current Deal Ends?

You’ll move to the SVR (8.24%), which is costly. Secure a product transfer or remortgage four months before your deal ends to avoid this.

Additional Benefits of Choosing Halifax in April 2025

Halifax offers unique perks that enhance its mortgage products:

  • Green Living Reward: Claim up to £2,000 cashback for energy-efficient home improvements.
  • Monthly Mortgage Prize Draw: One customer’s mortgage (up to £300,000) is paid off monthly, with 100 £1,000 cash prizes.
  • Family Boost Mortgage: A guarantor mortgage for first-time buyers with smaller deposits.
  • Payment Holidays: Available for existing customers facing financial difficulty, subject to approval.

These incentives make Halifax a compelling choice, especially for environmentally conscious or first-time buyers.

How Halifax Compares to Other Lenders in April 2025

Halifax is among the top lenders offering sub-4% rates, alongside Lloyds Bank (3.86% for 2-year fixed) and Barclays. However, smaller lenders like Gen H and building societies like Skipton may offer niche deals for specific borrowers. According to Rightmove, the average 2-year fixed rate is 4.80%, and the 5-year fixed rate is 4.70%, making Halifax’s rates highly competitive. NerdWallet UK.

Using a broker to compare Halifax’s 400+ products with other lenders ensures you don’t miss out on better rates elsewhere.

Conclusion

The Halifax mortgage rates update for April 2025 showcases a borrower-friendly market, with sub-4% deals, relaxed affordability rules, and innovative products like the First Time Buyer Boost. By comparing rates, improving your credit, and acting quickly, you can secure a cost-effective mortgage tailored to your needs. Stay informed through Halifax’s website or trusted brokers, and take advantage of incentives like the Green Living Reward to maximize value.

For the latest rates or personalized advice, contact Halifax at 0345 850 3705 or visit Halifax’s mortgage page. Share this guide with others to help them navigate the mortgage market in April 2025.

Disclaimer: Rates and information are accurate as of April 24, 2025, based on available data. Always verify with Halifax or a mortgage broker, as rates and eligibility may change.