It has launched a homemover mortgage product exclusively available to the intermediary market. Designed to help anyone who is moving home, the product is available to Halifax's existing customers as well as those joining the bank for the first time.
The fixed rate homemover product – which was designed with the higher-end of the market in mind – allows buyers to borrow up to 85 per cent of the value of the property and offers a rate of 4.99 per cent fixed for two years.
Homemover fixed product details:
LTV - 0-85 per cent
Rate - 4.99 per cent
Fee - £1,499
ERC - Three per cent in the first year, two in the second
Halifax's premier mortgage service is available to process loans for over £300,000.
Jack Saxton, managing director at Halifax Intermediaries, said: "This is a good value product to help support intermediaries advising new and existing Halifax customers who are moving home."
Halifax has also launched a range of 'low start' stepped fixed rate mortgages.
The range is specifically designed to help buyers deal with the initial costs of buying a home and adjust their financial planning over the longer term – whether they are buying for the first time or moving home.
Introductory rates range from 1.99 per cent to 3.99 per cent and fees vary accordingly, enabling borrowers to pick the product most suitable for their individual needs. In line with other products in the Halifax mortgage range extended early repayment charges will not apply to these products.
Product details:
Five-year stepped fixed rate, available up to 90 per cent LTV
Rate:
- With a £1999 fee = 1.99 per cent in year one, 5.99 per cent in years two-five
- With a £1499 fee = 2.99 per cent in year one, 5.99 per cent in years two-five
- With a £499 fee = 3.99 per cent in year one, 5.99 per cent in years two-five
