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Lender to offer ultra-low rate on two-year fixed deal on loans worth up to 60% of home value

Halifax has fired the latest salvo in the price war between mortgage lenders with the launch of a two-year fixed-rate deal priced at 0.83%.

The announcement of the ultra-low rate, which is available via mortgage brokers from Monday to those wishing to take out a loan worth up to 60% of the value of their home, comes amid a flurry of rate cutting by some of the UK’s biggest lenders.

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