Halifax reduces rates for first-time buyers

15 Jun 2016

Halifax reduces rates for first-time buyers

Halifax has lowered its rates on its first-time buyer mortgage range. The changes will apply to its two and five-year 85-90% LTV first-time buyer mortgages, which will be dropped 0.30%.

Mortgages director at Halifax Chris Gowland, 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”.

He added, “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”.

Recently, Halifax 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 a furtheraverage of £300.

Contact deVere Mortgages today for independent advice on securing your first home.