500 cashback halifax

hunnieybunniey

Hi halifax have started doing a new offer which they pat stamp duty great for most however we happen to be purchasing at cost of 64000. We applied for it 3 weeks ago and should have offer next week just wondering if we will miss out on 500 cashback even though that was the deal present when we applied

opinions4u

You should get what you applied for.

If the new deal is better and won't cost ask for it!

hunnieybunniey

Thankyou and we wunt benifit from stamp duty deal as our property price is to low we dont have to pay land stamp duty so we wud get nothing if we got latest deal. Just wanted too make sure we would get what we applied for

kingstreet

If the product was reserved at the time of application, that will form the basis of your mortgage offer.

Macca83_2

I think that if your property doesn't qualify for stamp duty Halifax will give you £250., plus £150 if you hold your current account with them.

plunt

what happens if the property is over £250k?

kingstreet

Nothing.

The products pay a 1% of the purchase price cashback for FTBs buying a property for £125,001 upto £250,000.

plunt

Yea but it also looked like it said in a few articles I read said capped at 2500 refund which hinted as a first time buyer I may be able to get a little bit back

kingstreet

I've just tried an example KFI for a £210k mortgage on a £270k purchase and the 1% cashback is still mentioned. I wouldn't like to try to make a case for it after the event though, as it says;-

Incentives

Part 2 includes a payment of 1% of the purchase price, equivalent to Stamp Duty Land Tax, only when the purchase price is between £125,001 and £250,000. Payment will be sent with the loan money to your conveyancer

plunt

Cheers, very helpful. Will make sure I ask and get it in writing first then

Thanks