Halifax mortgage rates:
full table, 7.24% SVR and the Lloyds rebrand

Halifax's Homeowner Variable Rate, the rate these products revert to when the fixed period ends, is 7.24%, unchanged since 1 February 2026 when it fell from 7.49% after the December base rate cut. The Annual Percentage Rate of Charge (APRC) shows the overall cost of each deal across the whole term, and the height of the APRC on Halifax's 2-year products is a direct read of how expensive that reversion rate is. Current fixed periods run to 31 December 2028 on the 2-year products and 31 December 2031 on the 5-year, each with a 10% annual overpayment allowance, and Halifax lends to 95% LTV on properties up to £570,000, 90% up to £750,000 and 85% up to £2,000,000.

Halifax prices in more LTV steps than most of the big six, with a 70% tier between 60% and 80% at 4.45% on the 2-year and 4.52% on the 5-year, so a borrower sitting just above a band boundary gains more from a small extra deposit at Halifax than at a lender with three tiers. The fee is £1,099 on the home mover fixes shown, with a £1,999 fee option on remortgage products where the lower rate suits a larger loan, and the gap between 2-year and 5-year pricing is narrow: four basis points at 60% LTV and one at 90%. Our loan to value calculator fixes the LTV band first, because Halifax's 95% ceiling and its property value caps decide which row applies before any rate does.

Are Halifax dropping their mortgage rates?

Yes at the latest move, after two rises. Halifax cut selected home mover and first-time buyer fixed rates by up to 0.11 points from 24 August 2026 and its 2-year remortgage fix at 60% LTV by 0.13 points, having raised rates by up to 0.12 points in early August and edged selected fixes higher in late July.

Halifax has moved against the market as often as with it this summer. On 1 June it trimmed remortgage rates by up to 14 basis points alongside Coventry and Gen H. In late July and again in the first week of August it raised fixed rates while Nationwide, Barclays and Coventry were cutting, a divergence our round-up of mortgage rate cuts in August 2026 recorded at the time. The 24 August cuts reversed part of that, and product transfer and further advance pricing was left untouched, so an existing customer looking at a switch offer has not seen the same easing a new borrower has.

The Bank of England base rate was held at 3.75% on 30 July 2026 on a 6-3 vote, with three members voting for 4%, and the next decision lands on 17 September 2026. The market-implied path points modestly higher into 2027 rather than lower, and our UK interest rate projection tracks that path around each decision. Halifax is the largest mortgage lender in the UK and prices to its own lending targets as much as to swap rates, which is why its moves so often run against the pack and why this page carries a checked date rather than any claim to be live.

If you would like Halifax's current pricing checked against the whole of market for your loan size and LTV band, call 01202 155992 or contact Mortgage One.

Who do Halifax's lending criteria and First Time Buyer Boost suit?

Halifax suits older borrowers, larger loans and first-time buyers with solid income. It lends to age 80 at the end of a repayment term, on terms up to 40 years, up to £5,000,000 at 75% LTV. First Time Buyer Boost lifts the multiple to 5.5 times income for first-time buyers earning £40,000 or more at up to 90% LTV.

The age limit is the stand-out criterion. A repayment mortgage running to 80 is five years longer than Nationwide allows, which changes the affordability picture for a borrower in their fifties who wants a 25-year term, and interest-only runs to 70. Income multiples step up with income and down with LTV: 4.49 times below £40,000, rising to 5.5 times for household income above £75,000 at lower LTVs. First Time Buyer Boost sits below Nationwide's 6 times Helping Hand but needs no special product, applies on the standard range at up to 90% LTV, and is not available on shared ownership or shared equity. Our guide to mortgage income multiples compares the 5.5 and 6 times products lender by lender, and our Nationwide mortgage rates page sets the two first-time buyer propositions side by side.

Income assessment is orthodox. Bonus, overtime and commission are averaged over the last two years from payslips, self-employed applicants are normally assessed on two years of accounts or SA302s, and a one-year trading history is considered case by case with a projection from the accountant and three months of business bank statements, which is more open than most high street lenders. Halifax accepts a wide spread of property types and is the lender many brokers reach for on flats above commercial units and on new build at high LTV. The first-time buyer mortgage guide covers the rest of the application. Criteria change and every case has its own wrinkles, so treat this as a broker's-eye view rather than a promise on any individual application.

Existing Halifax customers: the transfer window and a 7.24% SVR

Halifax opens its product transfer window four months before a deal ends, with no new valuation or legal fees. In the final three months the new product can start from the first of the next month with the early repayment charge waived, or be forward dated. A lapsed deal reverts to the Homeowner Variable Rate at 7.24%.

The reversion rate is the number to hold onto. At 7.24% against 4.34% on the cheapest 2-year fixed in the table, a £200,000 balance left on the Homeowner Variable Rate costs roughly £5,800 a year more in interest than a switch would, which is the most expensive doing-nothing outcome among the big six. Halifax's transfer rates are priced separately from the home mover range and were not cut in the 24 August round, so the retention offer an existing customer sees can sit a step behind the pricing a new borrower gets on the same day.

The right order is the same as with any lender: get the transfer offer from Halifax, then price it against the whole of market before you accept, because a transfer that saves the valuation and legal fees can still lose to a remortgage on rate over a five-year term. Our analysis of whether to fix now or wait weighs the product transfer against a full remortgage and the timing of both.

Does the Halifax to Lloyds rebrand change your mortgage?

No. Halifax has confirmed the Halifax brand will change to Lloyds, with the intermediary arm becoming Lloyds Intermediaries in the first quarter of 2027. Existing Halifax mortgages, applications in progress, logins, systems and service continue unchanged, and Halifax mortgages remain available to apply for until the switch date.

For a borrower the practical questions are about paperwork and pricing, not the loan. The mortgage contract, the rate, the fixed period and the early repayment charges are unaffected by the name on the statement, and a product transfer taken with Halifax now will run its full term under the Lloyds name. Halifax and Lloyds Bank already share pricing rounds and criteria across most of their ranges, which is why the two brands cut and raised together through 2026, so the rebrand consolidates a lender that was already operating as one rather than creating a new one. The one thing to watch is the retention pricing: a single Lloyds brand has less reason to run two overlapping product transfer ranges, and a borrower whose deal ends around the changeover should have the offer checked against the market rather than assume continuity.

Before you accept a Halifax product transfer, or for a free initial consultation on whether Halifax fits your case at all, call 01202 155992 or contact Mortgage One.

Back to Rate Forecast and Economic Drivers

The information provided in this article is for general guidance only and does not constitute personal or regulated financial advice. If you'd like to understand what these moves could mean for you, speak to Mortgage One. We can explain your options and timings based on your specific circumstances.

FAQs

1. What are Halifax mortgage rates today?

At our 3 September 2026 check, Halifax's published residential rates for home movers started at 4.34% on a 2-year fixed and 4.38% on a 5-year fixed at 60% LTV, each with a £1,099 product fee, with the Homeowner Variable Rate at 7.24%. Halifax reprices often and in both directions, so read every figure alongside its checked date rather than as live pricing.

2. What is the Halifax 2 year fixed rate mortgage?

Halifax's 2-year fixed rate mortgage locks the interest rate for two years, then reverts to the Homeowner Variable Rate. At our 3 September 2026 check it started at 4.34% at 60% LTV with a £1,099 fee, 4.52% at 80% and 4.79% at 90%, with early repayment charges through the fixed period and a 10% annual overpayment allowance.

3. Are Halifax dropping their mortgage rates?

Yes at the latest move. Halifax cut selected home mover and first-time buyer fixed rates by up to 0.11 points from 24 August 2026 and its 2-year remortgage fix at 60% LTV by 0.13 points, after raising rates in late July and early August while other lenders were cutting. Product transfer and further advance pricing was left unchanged in the August cuts.

4. What is Halifax's standard variable rate?

Halifax's standard variable rate, called the Homeowner Variable Rate, is 7.24% at our 3 September 2026 check. It fell from 7.49% on 1 February 2026 after the December base rate cut and is the rate a fixed or tracker deal reverts to when the deal ends. It is the highest reversion rate among the big six lenders at this check.

5. Can existing Halifax customers get a better rate?

Yes. Halifax offers existing customers a product transfer from four months before the current deal ends, with no new valuation or legal fees, and in the final three months the early repayment charge is waived if the new product starts from the first of the following month. Transfer rates are priced separately from new business and should be compared against the whole of market before you accept.

6. Is Halifax becoming Lloyds?

Yes. Halifax has confirmed the Halifax brand will change to Lloyds, with Halifax Intermediaries becoming Lloyds Intermediaries in the first quarter of 2027. Existing Halifax mortgages, applications in progress, logins and service continue unchanged, and the rate, fixed period and early repayment charges on a Halifax mortgage are unaffected by the change of name.

7. Will mortgage rates drop to 3% again?

Not on the current outlook. Halifax's cheapest 5-year fixed at 60% LTV was 4.02% in November 2025 and sits at 4.38% now, the Bank of England held the base rate at 3.75% on 30 July with three votes for a rise, and the market-implied path points modestly higher into 2027. Fixed rates near 3% would need swap rates to fall well below today's levels.

8. Do I need a broker to get a Halifax mortgage?

No, Halifax lends directly, but a broker prices its home mover, first-time buyer, remortgage and product transfer ranges against the rest of the market on the same day, checks whether First Time Buyer Boost or a rival's 6 times product fits your income, and can place a case Halifax declines. Mortgage One is a whole of market mortgage adviser and the initial consultation is free.