The Halifax Page 2

Halifax Launches New Mortgage Products for 2011

A new year usually sees mortgage lenders falling over themselves to offer new loans to attract new customers. But 2011 has been exceptionally quite until now, the UK’s biggest lender the Halifax has just announced a new set of mortgage deals.

Amongst the new products is a two year tracker mortgage which is priced at a little under 2.5%. The home loan which has a fee of £995 at a rate of 2.49%  comes with a loan to value (LTV) of 60% so borrowers must have a massive 40% equity in their homes. At the same time the Halifax have launched a similar deal for those look for a fixed rate deal. The mortgage is 3.14% with a fee of £995 and again a loan to value of 60%. Those with an average priced property of £150,000 would require a £60,000 deposit. Read more

Borrowers Rush to Fix Deals as Lenders Increase Price

The clock is ticking for borrowers looking for a great fixed rate deal. With swap rates on the increase, banks and building societies are starting to increase their prices or take the cheapest deals off sale.

With lenders expecting an increase in interest rates later on this year, many providers are taking their best fixed rate deals off the market. The Halifax, the Uk’s biggest mortgage lender is the latest company to review their product offering and remove their best value deals. Read more

Halifax Announces Further Falls in House Prices

The UK’s largest mortgage lender, the Halifax has published its monthly house price report which shows a further decline in the value of an average priced home in the UK. The Halifax report showed a 1.3% decrease in the price of an average house in the UK to just £162,435. Read more

Halifax Supports First Time Buyers

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. Read more

Halifax Raises Standard Variable Rate

 

The UK’s biggest mortgage lender has announced changes to its mortgage range that will result in large price hikes for first time buyers. The Halifax announced that from January 2011 it will raise its mortgage rates for new borrowers which will probably effect struggling first time buyers the most. Read more

Halifax Help Mortgages Customers to Stay Warm

 

The Halifax has launched a new mortgage offer where it is offering new mortgage customers £500 towards their gas and electricity bills this winter. Last year was the coldest for 30 years o the move way well be a warm welcome to customers. Read more

Halifax Reports Mortgages are Half the cost they Used to be

Mortgages are currently twice as affordable as they were three years ago in the peak of the housing market boom.

Research released by Halifax has shown that current market conditions are resulting in average mortgages repayments being almost half the amount they were back in 2007. Analysts believe this is down to falling house prices and the sustained record low interest rates of 0.5% that have been set by the Bank of England. Read more

The Halifax…Still Giving “A Little Extra Help”

Halifax used to be the UK’s largest building society but after it demutualised in 1997 it became part of the Bank of Scotland creating the HBOS group.

The Halifax is now the UK’s largest provider of residential mortgage. It is named after the town (Halifax in West Yorkshire) where is still has its headquarters although. The Halifax was hard hit by the credit crunch and was sold to the Lloyds banking group to avoid a potential collapse. The mortgage giant still uses its slogan “A little extra help” but Mortgagerates.org.uk take a look at whether the Halifax is still living up to it. Read more

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