Halifax launches new mortgage rates

Halifax has launched new mortgage rates for first-time buyers in an effort to help them get onto the property ladder and access some of the best mortgage rates.

The bank's new two-year, fee-free, fixed-rate mortgage is available at a rate of 5.79 per cent up to 90 per cent loan-to-value LTV.

In order to help first-time buyers, the bank will pay the fees on their mortgage which could lead to savings of up to £1986 through the mortgage process.

Stephen Noakes, commercial director of mortgages at Halifax, comments: "First-time buyers are an important part of the housing market and whilst they are benefitting from the best monthly mortgage affordability in over a decade, buying a first home has always been an expensive process where every penny counts."

He added that the support provided by Halifax will mean that buyers can put the money saved to good use either supplementing their deposit or buying furniture or white goods for their new home.

Halifax has claimed no other mainstream lender is currently offering first-time buyers a similar no-fee deal.
 

Moneyextra.com recommends you take independent financial advice before acting on any article

Back

2011-01-11 15:56:56 © Moneyextra.com