Halifax offering cheapest fixed rate mortgages for property purchases
Halifax for Intermediaries is offering a selection of the most competitively priced fixed-rate mortgages.
The bank has the cheapest two, three, five and ten-year fixed-rate mortgages and the lowest two-year tracker. They are available to applicants purchasing a property and borrowers will need a 40% deposit to qualify.
The lowest rate without a minimum loan size is 1.17% and it has a £995 arrangement fee. After the fixed-rate, the mortgage reverts to the lenders 4.24% standard variable rate and the APRC is 3.8%. It is available for mortgages up to £1 million.
Aaron Strutt, product director at Trinity Financial, says: “It is unusual for a bank to be targeting the purchase market so aggressively with such competitively priced rates. Trinity's brokers consistently submit applications to Halifax because the lender offers great rates and fast mortgage offers. It also has flexible acceptance criteria and offers larger loans.”
Many of the lenders have different prices for their purchase and remortgage products.
|
Lender |
Rate |
Reversion rate |
The overall cost for comparison is |
Deposit |
Fee |
Early repayment charge |
|
Halifax |
1.17% two-year fix |
4.24% |
3.8% |
40% |
£995 |
Yes |
|
Halifax |
1.39% three-year fix |
4.24% |
3.6% |
40%
|
£999 |
Yes |
|
Halifax |
1.46% five-year fix |
4.24% |
3.2% |
40% |
£999 |
Yes |
|
Halifax |
2.22% ten-year fix |
4.24% |
3.0% |
40% |
£995 |
Yes |
|
Halifax |
1.15% two-year tracker |
4.24% |
3.8% |
40% |
£999 |
Yes |
Call Trinity Financial on 020 7016 0790 to secure a mortgage
Get started today
Speak to one of our mortgage experts. Book an appointment to come and see us or request one of our experts to call you.
