Halifax Mortgage Review

Halifax Mortgage Review

If you would like to find out about some of the best mortgage lenders, then just ask a member of our team.

Reviewing Mortgages and Providers

Reviewing Mortgages and Providers

It is important to research the different lenders which are out there to make sure that you get the best home loan deal which is suitable for you.

Specialist Mortgage Consultants

Specialist Mortgage Consultants

As we are specialist mortgage consultants, we are able to provide you with quality advice and guidance in order to find you the ideal mortgage for you.

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Halifax Mortgage Review

If you want to find out about a Halifax Mortgage review, we offer expert help to discover the ideal option for what you need.

It is necessary to look for a mortgage that works with your requirements if you are buying a brand new home or remortgaging your present one. 

Halifax is a popular mortgage broker with many great mortgage deals. You can use our Halifax mortgage calculator online to find a mortgage deal. 

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Fill out the enquiry form provided now if you want more information about Halifax mortgages. Our specialist advisors are happy to talk you through the Halifax mortgage application. 

We have years of experience and professional knowledge surrounding the best mortgage brokers and lenders on the market, so feel free to talk to us now to find out more.

You may also look here - https://www.amazingmortgagedeals.co.uk/reviews/rbs/ to see RBS' deals.

Who is Halifax?

Halifax is one of the largest mortgage lenders in the UK; they are part of the Lloyds Banking Group. 

They offer customers competitive interest rates and a range of mortgages, including niche products like first-time buyer mortgages. 

Keep reading to find out more about applying for a mortgage with Halifax. 

Halifax Deals and Offers Near Me

Halifax is the UK's biggest mortgage provider that mainly deals with fixed rates but has some tracker loans available.

One of our specialist advisors is available to provide personalised help and advice and deal with all aspects of locating and getting a home loan via Halifax mortgages.

To ensure the full approach is simple, our staff may also talk with the solicitor and Halifax lender.

You may get your dream home through a selection of diverse choices, such as 95% agreements with help from UK government solutions.

We aim to make getting a house via Halifax mortgages as straightforward and hassle-free as possible.

To find out more regarding mortgage providers such as Tesco, look here - https://www.amazingmortgagedeals.co.uk/reviews/tesco/ or speak to us today. 

What Kind of Mortgages Does Halifax Offer?

Halifax offers the following types of mortgages:

  • Interest-only mortgage
  • Offset mortgage
  • Self-employed mortgage 
  • Fixed-rate mortgage
  • Tracker mortgage
  • Buy to Let mortgage
  • Shared ownership mortgage 
  • Joint mortgage
  • Retirement mortgage

Mortgage Calculator for Halifax

If you want to calculate how much you can get from your Halifax mortgages, we are on hand to help you find suitable deals for your requirements from the Lloyds Banking Group mortgage broker.

Whether you want a mortgage from RBS or Offset, we are on hand to calculate your mortgage for you. You simply need to let us know your budget, how much you earn, and the price you want to pay for the home.

This will allow us to look at all the main factors and determine how much your mortgage can total with the Halifax mortgage lender.

Just let us know this key information, and we will be in touch as soon as possible to discuss your mortgage deals. 

Continue reading to learn more about Halifax's interest rates and loans. 

Halifax Mortgage Reviews

Our Halifax mortgage review is based on what their customers have said.

Halifax has been reviewed as a good mortgage lender by thousands of homeowners. They offer some of the best mortgage deals around. 

Existing customers of Halifax have accredited their reasonable interest rates, the ease of access to mortgages, and how they treat customers fairly throughout the mortgage. 

Halifax Mortgage Pros and Cons

There are some pros and cons to consider before applying for a mortgage with Halifax:

Halifax Advantages

  • A range of mortgages. 
  • Competitive interest rates.
  • Potential to overpay by 10% with no early repayment costs. 
  • 40-year mortgage terms.

Halifax Disadvantages

  • Unlikely to approve homeowners with bad credit. 
  • Interest-only mortgages have restricted mortgage terms. 

Halifax Help to Buy

Halifax offers a range of mortgages to homeowners and is involved in the Help to Buy and Equity Loan schemes. 

In 2013 the United Kingdom government began a scheme called Help to Buy, which allows individuals to have a down payment of only 5% to purchase a property.

After helping more than 10,000 first-time buyers and house movers, the schemes are now extremely popular.

As a leading advisor, we've got expert knowledge of strategies and will offer whole market guidance. We can also guide you through the scheme and purchase procedure. 

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Several building contractors have a Help to Buy Equity Loan for newly built houses, which is usually a wonderful choice for buyers.

To be involved with this plan, you will need a deposit of at least 5% since this entitles you to get a 20% government equity loan along with a plan of 75% through a lender.

What is the Maximum Loan Size and Loan-to-Value (LTV) with Halifax Mortgages?

The size of your loan will impact the percentage of LTV you can receive:

  • A loan of up to £570K has a maximum LTV of 95%.
  • A loan of up to £750K has a maximum LTV of 90%.
  • A loan of £750,001 to £1m has a maximum LTV of 85%.
  • A loan of £1,000,001 to £2m has a maximum LTV of 80%.
  • A loan of £2,000,001 to £5m has a maximum LTV of 70%. 

Interest rates on Halifax mortgages

Halifax has been known to offer competitive interest rates to its customers. 

For example, in September 2021, for a fixed-rate mortgage across two years, the interest rate was 1.84%. 

1.84% is reasonably low compared with the market average of 2.38%. So, if you are looking for a mortgage broker that offers low rates, Halifax could be an option for you to consider. 

Halifax Mortgage Fees

You can expect the following fees when you take out a mortgage with Halifax:

  • Standard account fee of £295.
  • Additional product fees of up to £1,500.
  • Valuation of £100.

Costs may vary depending on the product and property you have. 

Our mortgage advisors will speak with Halifax to understand the total fees you will be expected to pay to secure your mortgage. 


Does Halifax have early repayment fees?

Halifax incites an early repayment charge if you want to repay your loan before the end of your agreement or if you want to transfer to another mortgage. 

However, in each calendar year, you can make a lump-sum payment of up to 10% of your loan on the 1st of January without paying any early repayment fee. 

Do Halifax check bank statements for mortgages?

Mainstream mortgage lenders like Halifax do not tend to check bank statements as part of their mortgage application process. 

However, they use other financial tools to analyse the applicant's creditworthiness and check your financial background. 

How long does it take to get a mortgage with Halifax?

On average, you can expect the mortgage application process to take around 1 to 6 weeks.

Previous clients have stated that it takes around 17 days to receive a mortgage offer after submitting their application. 

What credit reference agency does Halifax use?

Halifax uses Experian, Equifax, and Transunion as its main credit reference agencies. 

So, before applying for a Halifax mortgage, you should check your credit file with all three agencies, as it is unlikely that Halifax will accept applications from homeowners with poor credit. 

speak to our experts now

Speak to our team

Our team of specialist consultants will be pleased to assist you with anything you require, whether you are getting your first loan or moving house.

Get in touch with us now to talk to an advisor about Halifax and learn what would be the ideal sort of house option for you.

 As you speak to your consultant, you can be assured that we will choose the right solution to your queries.

The task can be challenging, but we’ll be available to help you with anything you need.

Or you can look here - https://www.amazingmortgagedeals.co.uk/life-cover/ to learn more about what we can offer you.


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