Halifax has increased the rate on its five-year fixed Help to Buy mortgage by 0.05%; however, this has in no way harmed its competitiveness and it maintains a place in the Moneyfacts charts as a result.
This mortgage now has a rate of 4.64% fixed until 31.8.21, enabling it to remain among the top deals of its sector. It is available at a loan-to-value (LTV) of 95% and has a competitive fee of £495.
This deal is available to those who are looking to buy their first home with a modest deposit of just 5%. It comes with a highly attractive incentive package of a 1.00% rebate (up to £2,000) and also allows borrowers to make both overpayments and take payment holidays.
First-time buyers who are looking to take the first step on the housing ladder are likely to pay attention to this deal, which not only continues to offer an attractive rate but also boasts an enticing incentive package and a cost-effective fee. The fact that it also offers some flexibility in terms of repayments seals its place in the charts and its excellent rating.
Moneyfacts rating: Excellent
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