Halifax

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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.

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Britain's mortgage lenders have dramatically increased their loan-to-value deposits for house purchases with Halifax and Barclays among those seeking 40% down-payments to fund buyers amid rising expectations of a housing crash. 

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