Halifax Intermediaries has launched a 7-year, no product fee mortgage deal and a series of rate reductions across its product range.
The new first-time-buyer only mortgage is fixed at 5.89 per cent for seven years, available between 85-90 per cent loan-to-value (LTV) and has no product fee.
Customers are also eligible to receive £500 towards their moving costs as part of the current offer on all first-time-buyer and homemover products.
Ian Wilson, head of sales at Halifax Intermediaries, said: “We are providing brokers with a very competitive product enabling them to offer their first time buyer clients; this 7-year product has been designed specifically with them in mind.
“With a 10 per cent deposit, the certainty of monthly payments over a long period, the removal of upfront fees and £500 cashback at a time when they need it most – this offers a real solution for aspiring homeowners.
“In addition to this, we are making a number of changes to our product range and are pleased to be able to continue to support not only first time buyers, but the wider market. We’re offering competitive rates and have a good range of products for homebuyers and remortgage customers to choose from, supported by our strong service proposition.”
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