Halifax has reduced selected fixed mortgage rates, including a reduction of 0.25% to its five-year fixed Help to Buy deal. This improvement allows this product to maintain its position in the Best Buy chart for its sector and earns it an outstanding rating.
This mortgage now boasts a rate of 4.39%, fixed to 30.11.2021, and is available at 95% loan-to-value (LTV), making it the joint-lowest rate for its terms. It comes with a fee of £495.
The deal is offered to first-time buyers with a deposit of just 5% who wish to take advantage of the Government's Help to Buy Mortgage Guarantee Scheme. It comes with a generous £1,000 cashback incentive, as well as the option to make overpayments and request payment holidays, giving some much-relished flexibility for first-time homeowners.
The rate cut on this mortgage strengthens its position in the charts. Combined with its competitive cashback incentive and flexibility, it's attractive enough for first-time buyers to comfortably deserve the highest rating.
Moneyfacts rating: Outstanding
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