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

Former_MSE_Michael_C

"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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dawyldthing

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

opinions4u

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

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

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.

Fletchasketch

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?

wizk1

3 to 6 months I believe

kingstreet

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?

kingstreet

Current Halifax newbuild products expire on 28/2/2014.

pops5588

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?

Yorkie1

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.