Halifax launches Home Finder app

The app also includes local area information, property buyers’ guides and a social media element that allows users to rate properties and add comments.

The mortgage affordability calculator estimates how much a user is able to borrow and estimates their monthly mortgage payments on a particular property.

Figures from Halifax reveal that 62% of those who purchased a property in the past five years undertook their property search online.

Four out of five of those looking to buy in the next five years said they would undertake their property search online as well.

Stephen Noakes, mortgages director at Halifax, said about the app: “It's a fantastic development which gives house hunters all the tools they need using the latest technology available.

“Using augmented reality means that all a house hunter needs to do is lift their handset to see the properties for sale in the streets around them.

“Our aim is to provide house hunters with information and guidance to help them make sense of the residential property market and make better-informed property decisions."