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MSE News: Halifax paying first-time buyer stamp duty: is its mortgage deal any good?

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Former_MSE_Michael_C
Former_MSE_Michael_C Posts: 9 Forumite
edited 20 May 2013 at 4:36PM in Mortgages & endowments
"Halifax will cover the cost of stamp duty for some first time buyers as one of many top mortgage deals..."
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Halifax paying first-time buyer stamp duty: is its mortgage deal any good?

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Comments

  • dawyldthing
    dawyldthing Posts: 3,438 Forumite
    I can't see many first time buyers buying a house over 125k unless you have the bank of mum and dad as saving up for over 12k plus 2k in other costs is a heck of a lot of work
    :T:T :beer: :beer::beer::beer: to the lil one :) :beer::beer::beer:
  • opinions4u
    opinions4u Posts: 19,411 Forumite
    dawyldthing wrote: »
    I can't see many first time buyers buying a house over 125k
    The average price for a first time buyer is just over £125k.

    http://www.telegraph.co.uk/finance/personalfinance/houseprices/9973689/House-prices-for-first-time-buyers-up-5pc-since-summer.html
  • wizk1
    wizk1 Posts: 911 Forumite
    Part of the Furniture 500 Posts
    Although not affecting the total amount borrowed significantly, if you hold a Halifax current account, you'll be given an additional £150 incentive for taking out a mortgage product.
  • pops5588
    pops5588 Posts: 638 Forumite
    We're FTBs and are going with this mortgage deal. Our purchase price is £171,000 so we are saving ourselves a fair bit not having to pay stamp duty. It was definitely the best offer on the table when we were at the stage of choosing our lender.
    First home purchased 09/08/2013
    New job start date 24/03/2014
    Life is slowly slotting into place :beer:
  • Fletchasketch
    Fletchasketch Posts: 471 Forumite
    Part of the Furniture 100 Posts Photogenic Name Dropper
    I'm interested in this offer, but haven't found a property yet. Does anybody know how long the mortgage offer is valid for if I apply before the 8th April deadline?
    May'18 DEBT FREE!

    £6025 PB's: £1427 Nutmeg Pot: £51'174 Company Shares £512.09 InvestEngine £8.21 Freetrade £569.46 Stake
    £2457.92 TCB.
  • wizk1
    wizk1 Posts: 911 Forumite
    Part of the Furniture 500 Posts
    3 to 6 months I believe
  • kingstreet
    kingstreet Posts: 39,258 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Fletchasketch wrote: »
    I'm interested in this offer, but haven't found a property yet. Does anybody know how long the mortgage offer is valid for if I apply before the 8th April deadline?
    8 April deadline for what?
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
  • kingstreet
    kingstreet Posts: 39,258 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Current Halifax newbuild products expire on 28/2/2014.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
  • pops5588
    pops5588 Posts: 638 Forumite
    Fletchasketch wrote: »
    I'm interested in this offer, but haven't found a property yet. Does anybody know how long the mortgage offer is valid for if I apply before the 8th April deadline?

    Me and OH have put an offer in on a house, and the vendor hasn't secured a house to move into yet so we asked how long the offer would be on the table for and they said as long as we complete before January next year the offer won't expire.

    Not sure if this is because we already have the ball rolling though?
    First home purchased 09/08/2013
    New job start date 24/03/2014
    Life is slowly slotting into place :beer:
  • Yorkie1
    Yorkie1 Posts: 12,029 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    dawyldthing wrote: »
    I can't see many first time buyers buying a house over 125k unless you have the bank of mum and dad as saving up for over 12k plus 2k in other costs is a heck of a lot of work

    Where I live there are virtually no houses under that amount.
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