Halifax extends 7-year fix to NewBuy
Originally launched last month on all purchase up to 90% loan to value, the deal is now available to first-time-buyers and home-movers through selected intermediaries and the Halifax branch network the deal with no product fee or mortgage account fee.
Ian Wilson, head of sales at Halifax Intermediaries, said: “We are already leading in the new build market and this offer will prove to be yet another compelling proposition for brokers’ NewBuy customers.”
He added: “The long term nature of this deal will provide customers with the certainty of set monthly payments over a greater length of time enabling potential buyers to purchase new homes they would have previously considered unattainable.”
Halifax Intermediaries has also reduced rates further this week in the 2-year high loan to value fixed-rate product range by up to 0.20%.
The new high LTV mortgage deal was made possible as a result of Halifax’s participation in the government’s Funding for Lending Scheme introduced to stimulate the UK housing market.