First time buyers applying for a mortgage with Halifax from today will benefit from up to £2,500 cash back, with the lender covering the cost of Stamp Duty.
The offer will see borrowers reimbursed for the Stamp Duty paid on purchases between £125,000 and £250,000 and will be available exclusively to first time buyers across Halifax’s mortgage range, including:
– 75% -80% LTV 2 year fixed rate mortgage 3.24% with no fee
– 80%-85% LTV 2 year fixed rate mortgage 3.79% with no fee
Designed to ease the burden for first time buyers making their way onto the property ladder, 1% of the property price will be paid to solicitor on completion.
This means that if a customer is buying a house for £150,000, Halifax will pay £1,500 towards their Stamp Duty bill, up to a maximum of £2,500 for those purchasing a £250,000 home.
For independent whole of market mortgage advice contact Integrity IFA NOW or visit our website integrityifa.com to use our free mortgage source and mortgage calculator.
Craig McKinlay, Mortgage Director, Halifax said:
“Stamp Duty can often be a cost that is overlooked, particularly for buyers who are focused on saving an initial deposit for a house. We’re keen to do what we can to support those buying their first home, and eliminate the additional burden of a Stamp Duty bill at what’s already an expensive time.”