Halifax is offering homemovers and first-time buyers two months’ interest back on their mortgage.
The two months interest back offer is available to all homemovers and first-time buyers who apply for a qualifying mortgage from the homemover and first-time buyer core product range.
In addition, a number of mortgage rates have been cut, including:
- 0-60% LTV two-year homemover and first-time buyer products reduced by up to 0.15 percentage points, with rates starting from 1.59% (fixed)
- 0-60% LTV two-year remortgage products reduced by up to 0.30 percentage points, with rates starting from 1.59% (fixed)
- All 0-90% LTV five-year homemover, first-time buyer and remortgage products reduced by 0.20 percentage points, with rates starting from 4.59% (fixed)
- 0-75% LTV two-year Shared Equity/Shared Ownership product with £0 fee, reduced by 0.20 percentage points to 3.74% (fixed)
Craig McKinlay, mortgage director at Halifax, said: “We are expecting to see an increase in the number of first time-buyers and homemovers looking to purchase their new home in the New Year and have launched this two months interest back offer in order to support them at what is an expensive time of year.
“Halifax is committed to supporting one in four first-time buyers in 2015, but at the same time we will also continue to provide competitive products to the whole market.”