House prices decreased marginally (-0.1%) in September, compared to rising 0.3% in August, according to the latest Halifax House Price Index. The change marks the second marginal decrease over the past three months.
Bank of Scotland-owner Lloyds Banking Group has announced that it will be closing 66 branches between October and January of next year. A total of 48 Lloyds Bank branches and 18 Halifax branches will be closing, none of which are in Scotland.
Halifax has apologised to customers after sending incorrect emails informing them that the Bank of England base rate had changed. The emails, which said “the Bank of England base rate has changed today”, were distributed ahead of the Bank’s next interest rate decision tomorrow.
Halifax has eased its mortgage borrowing rules for millions of affluent homebuyers in a bet that the UK housing market will remain strong despite the threat of rising interest rates. The bank has announced that it will now offer those who earn more than £75,000 a loan of up to five-and-a-half
Halifax has launched a new ultra-low two-year fixed-rate mortgage deal priced at 0.83%. The deal was made available to homebuyers via mortgage brokers yesterday and allows those wishing to take out a loan worth up to 60% of the value of their home.