You are here: Home - Mortgages - First Time Buyer - News -

Halifax to pay Stamp Duty on 13,000 first time buyer homes

Written by:
Halifax will pay stamp duty for over 13,000 first time buyers in a move to help more people onto the property ladder.

The offer, which finished this week, saw borrowers reimbursed for the Stamp Duty paid on purchases between £125,000 and £250,000 and was available exclusively to first time buyers to help ease the burden of buying their first home. The offer was available for those submitting applications between 30 April and 7 July.

Craig McKinlay, mortgage director, Halifax said: “We’re always looking for ways to support those buying their first home. It’s great that, for so many first time buyers, the additional cost of Stamp Duty is no longer something that they have to worry about and they can use the money saved to add to their deposit if they want.”

To continue its support of first time buyers, Halifax is now offering £500 cash back across a number of first time buyer mortgages, including:
• 75% -80% LTV 2 year fixed rate mortgage 3.24% with no fee
• 80%-85% LTV 2 year fixed rate mortgage 3.79% with no fee

McKinlay added: “We’re keen to help reduce the financial burden at what is an already expensive time. The current £500 cash back offer gives first time buyers the added benefit of being able to use the money how they want, whether that’s towards furnishing their new property or simply to help cover other costs.”

Earlier this year, Halifax’s parent company Lloyds Banking Group announced the UK’s largest commitment to support first time buyers by committing to lend £6.5 bn to help approximately 60,000 customers make their first step on to the property ladder in 2013. In the first quarter of 2013, Lloyds Banking Group helped 13,000 first time buyers get on the property ladder.

Tag Box

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Everything you need to know about being furloughed

Few people had heard of ‘furlough’ before March 2020, but the coronavirus pandemic thrust the idea of bein...

The savings accounts paying the most interest

If one of your jobs this month is to get your finances in order, moving your savings to a higher paying deal i...

Coronavirus and your finances: what help can you get in the second lockdown?

News and updates on everything to do with coronavirus and your personal finances.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
Govt criticised over ineffective pensions policy

Government policies aimed a reducing the liability of the state for supporting people in retirement could fail due to being...