I know a few of you may have mortgage applications going through with Halifax at the moment so thought I would share this information with you.
This may also appeal to those whoa re considering buying at the moment too.
If you already have an application with Halifax going through at the moment, one of the great things with them is that from the point of submitting an application and securing the rate you have been recommended originally right up until the Solicitor requested the funds from Halifax, you can change the rate without incurring any cost.
On Friday Halifax released some limited time only exclusive rates as follows with a large nod to the first two which are massively reduced from their normal range:
First time buyers:
2.99% 2 Year 90% Purchase Fixed with no arrangement fee - to put this into perspective, the best rate they had with a 10% deposit prior to this was circa 4% so they have dropped the rate by a whole 1%!! Sadly it is only available to first time buyers only and at such a low rate, I'd secure it as quickly as possible as I do not foresee this being around very long.
2.99% 2 Year 90% Purchase Fixed with £999 arrangement fee and £1,000 cashback - again first time buyers only
Home movers (not first time buyers):
2.59% 2 Year 80% Purchase Fixed with £999 arrangement fee
4.19% 2 Year 90% Purchase Fixed with £999 fee and £500 cashback
Home movers & First time buyers:
2.00% 2 Year 60% Purchase Fixed £999 arrangement fee
Remortgages:
2.29% 2 Year 75% Remortgage Fixed no arrangement fee
2.69% 2 Year 85% Remortgage Fixed no arrangement fee
2.59% 2 Year 80% Remortgage Fixed £999 arrangement fee
2.00% 2 Year 60% Remortgage Fixed £999 fee and £250 cashback
The first two mortgages are phenominal. To put those rates into perspective when I checked the best 2 year fixed rate the other day with a 10% deposit at that point Coventry were top of the list with a rate of 3.65% with a fee of around £345. The Halifax 2.99% rate has no fee or you can opt to pay a £999 fee which can either be added to the loan or paid upfront and get £1,000 cashback.
I appreciate some of the above rates may be beaten by other lenders but if you are limited in choice to a contractor friendly lender and or you have an application already in with Halifax it may be worth checking to see if you can switch over to the relevant rates.
Hope that helps!
This may also appeal to those whoa re considering buying at the moment too.
If you already have an application with Halifax going through at the moment, one of the great things with them is that from the point of submitting an application and securing the rate you have been recommended originally right up until the Solicitor requested the funds from Halifax, you can change the rate without incurring any cost.
On Friday Halifax released some limited time only exclusive rates as follows with a large nod to the first two which are massively reduced from their normal range:
First time buyers:
2.99% 2 Year 90% Purchase Fixed with no arrangement fee - to put this into perspective, the best rate they had with a 10% deposit prior to this was circa 4% so they have dropped the rate by a whole 1%!! Sadly it is only available to first time buyers only and at such a low rate, I'd secure it as quickly as possible as I do not foresee this being around very long.
2.99% 2 Year 90% Purchase Fixed with £999 arrangement fee and £1,000 cashback - again first time buyers only
Home movers (not first time buyers):
2.59% 2 Year 80% Purchase Fixed with £999 arrangement fee
4.19% 2 Year 90% Purchase Fixed with £999 fee and £500 cashback
Home movers & First time buyers:
2.00% 2 Year 60% Purchase Fixed £999 arrangement fee
Remortgages:
2.29% 2 Year 75% Remortgage Fixed no arrangement fee
2.69% 2 Year 85% Remortgage Fixed no arrangement fee
2.59% 2 Year 80% Remortgage Fixed £999 arrangement fee
2.00% 2 Year 60% Remortgage Fixed £999 fee and £250 cashback
The first two mortgages are phenominal. To put those rates into perspective when I checked the best 2 year fixed rate the other day with a 10% deposit at that point Coventry were top of the list with a rate of 3.65% with a fee of around £345. The Halifax 2.99% rate has no fee or you can opt to pay a £999 fee which can either be added to the loan or paid upfront and get £1,000 cashback.
I appreciate some of the above rates may be beaten by other lenders but if you are limited in choice to a contractor friendly lender and or you have an application already in with Halifax it may be worth checking to see if you can switch over to the relevant rates.
Hope that helps!
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