RSS Feed

Related Articles

Related Categories

Halifax reduces rates on first time buyer mortgages

15th June 2016 Print

Halifax has reduced its rates on its mortgage products designed to support first time buyers.

The changes will apply to its two-year 85-90% LTV first time buyer mortgage, which will be reduced by 0.30%, two year at 3.44%. five year at 3.99%.

The New Build first time buyer 85-90% which will be reduced by 0.30% to 3.79% and the  80-90% affordable housing Shared Equity Shared Ownership first time buyer product, reduced by 0.30% to 3.84%.

Chris Gowland, Mortgages Director at Halifax, said: “We are committed to supporting one in four first-time buyer mortgages and helping those looking to get on to the properly ladder take that first step.

“Our latest Generation Rent report showed that although many first-time buyers are later onto the ladder, by providing competitive products and excellent service we can help make their dream of home ownership a reality.”

Halifax recently launched a separate £750 cashback offer to reward eligible homeowners moving their mortgage from another lender. The £750 will be made automatically on completion, sent to the conveyancer with the completion funds. Halifax will also pay standard valuation cost and basic legal fees, helping customers save an average of £300.

Those applying could also get an Agreement in Principle within 15 minutes (without affecting credit history) however suits them best – by applying via their local branch, over the phone or online, where they can also take advantage of helpful information and tools including a simple mortgage calculator.