Halifax offers first time buyer mortgages and council tax help

Halifax, the UK’s largest mortgage lender and part of Lloyds Banking Group, offers a range of innovative first time buyer mortgages and has today launched a new 50% of council tax bill offer.

The council tax offer will pay 50% of the first annual council tax bill, up to a maximum £1,000.

Halifax calculate that the average council tax bill for the current financial year is £1,161 so this offer will no doubt be a benefit.

It is available from today, 20 April until 23 May for all Halifax Homemover Mortgages and for mortgages within the Halifax First Time Buyer Choices range.

The payment will be made directly to the customer’s local council.

Halifax also offer free purchase conveyancing with all Homemover Mortgages as long as the customer also has a current account with Halifax. This can save an average of £400.

Head of mortgage development at Halifax, Jaedon Green, commented ‘We are committed to helping make moving easier for both homemovers and first time buyers. Council tax is one of the largest monthly outgoings from a household budget and our new offer has been specifically designed to give a helping hand.

For first time buyers, Halifax offer a range of fixed rate mortgages and tracker rate mortgages. Currently the maximum LTV is 90%, although there are products for LTV ranging upwards from 60%.