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£1100 cashback with Halifax Mortgages

Hello All

My brother is in the process of buying his first house and rang me this morning informing me that Halifax are now offering £1100 on completion on their first time buyer mortgages.

It seems to be two year fixed deals with a deposit of 25% or less so could really help people wanting to get on the ladder :)

Comments

  • betmunch
    betmunch Posts: 3,126 Forumite
    Could help.

    Could also cost people more money.

    You would be better off promoting people getting professional Independent Advice in my humble opinion
    I am a Mortgage Adviser
    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.
  • Jimbo1976
    Jimbo1976 Posts: 498 Forumite
    Its all smoke and mirrors. If they give FTBs £1,100 of cashback they will most likely take it away through a higher interest rate.

    See a broker and see what they can offer to compare with the Halifax rate.
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