Halifax mortgage help extended to all 25% deposit customers.
Halifax mortgage rates have been reduced a further time, to help more first time buyers climb on the property ladder and existing home-owners move to a new home or remortgage.
At the lower deposit end of the market where help is needed the most, the Halifax has improved its mortgage range by cutting mortgage rates by 0.3% across its 75% LTV 2 year fixed and tracker products.
For those with a 25% deposit, regardless of whether they are a first time buyer or an existing home-owner looking to move or a remortgage, a 2 year fixed rate is available at 2.49% with a £999 fee. Fee free mortgage options are also on offer from 2.89%.
Whether you should go for a fixed rate or tracker Halifax mortgage will depend on your personal circumstances and willingness to take a risk.
The BoE had indicated that interest rates will remain at 0.5% until 2016, if this is the case then a 2 year tracker would be a good option.
The money markets disagree and feel a 0.5% interest rate for the next 3 years unlikely, inter-bank funding costs are already rising as a result of poor market confidence. Those who choose to listen to money market experts therefore may feel there is safety in choosing a fixed rate mortgage.
Whatever Halifax mortgage you are considering call an impartial expert at Deal Direct on 0800 048 8828. We will review the Halifax range against other lenders offers to find you the best overall mortgage for your circumstances.
Call and speak to an expert for advice and a low rate quote.
Call 0800 048 8828
