Halifax Supports First Time Buyers

Published by Mortgage Rates
on Thursday, 6 January 2011 by Mark Johnston
The UK’s biggest mortgage lender, the Halifax has launched a new two year fixed rate mortgage. The loan has a 5.79% rate for first time buyers looking to get onto the UK property market.

The Halifax has designed the mortgage especially for first in buyers in mind to help them take their first steps to owning the home of their dreams. First time buyers and those with smaller deposits have found it difficult to get a foothold on the UK property market since banks and building societies tightened their lending criteria. They hope that by offering a fee free mortgage its will save first time buyers up to £2,000 when money is tight.

Most first time buyers have to around £1000 in arrangement fees together with legal costs and valuation fees.

Stephen Noakes, …

Tags: bank, first-time buyer, Halifax, house, laon, market, mortgage, property leader

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