First time buyers and home owners get interest paid
back from Halifax
Halifax is offering to refund 2 months’ interest on mortgages for homemovers and first time buyers, as part of its latest offer for mortgage customers.
From Tuesday 19th August homebuyers can receive this offer up to a maximum payment of £1,000. The offer is available to both homemovers and first time buyers who take out a mortgage between 19th August and 6th October inclusive, and will be paid directly into their account within 60 days of the mortgage start date.
Craig McKinlay, Mortgages Director at Halifax, said: “Many people are worried not only about the upfront cost of buying a home, but also additional costs which may come up in the first few months such as decorating and buying new furniture. With the average mortgage interest for two months being approximately £655*, we hope to make things easier for both first time buyers and homemovers by easing their financial strain at what can be a very stressful time.”
* The monthly mortgage payment is based on an advance of £137,890 and mortgage rate of 3.15%. (CML data)
The offer excludes Shared Equity (including Help To Buy: Equity Loan), Shared Ownership, Equity support mortgages, Buy-To-Let mortgages applications
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