Halifax has reduced its rates on its first-time buyer mortgage range. The changes will apply to its two and five-year 85-90% LTV first-time buyer mortgages, which will be reduced by 0.30%.
Chris Gowland, mortgages director at Halifax, said: “We are committed to supporting one in four first-time buyer mortgages and helping those looking to get on to the properly ladder take that first step.
“Our latest Generation Rent report showed that although many first-time buyers are later onto the ladder, by providing competitive products and excellent service we can help make their dream of home ownership a reality.”
Halifax recently launched a separate £750 cashback offer to reward eligible homeowners moving their mortgage from another lender.
The £750 will be made automatically on completion, sent to the conveyancer with the completion funds.
Halifax will also pay standard valuation cost and basic legal fees, helping customers save an average of £300.
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