The offer will see borrowers reimbursed for the Stamp Duty paid on purchases between £125,000 and £250,000 and will be available exclusively to first time buyers across Halifax's mortgage range, 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
Designed to ease the burden for first time buyers making their way onto the property ladder, 1% of the property price will be paid to solicitor on completion.
This means that if a customer is buying a house for £150,000, Halifax will pay £1,500 towards their Stamp Duty bill, up to a maximum of £2,500 for those purchasing a £250,000 home.
Craig McKinlay, Mortgage Director, Halifax said:
"Stamp Duty can often be a cost that is overlooked, particularly for buyers who are focused on saving an initial deposit for a house. We're keen to do what we can to support those buying their first home, and eliminate the additional burden of a Stamp Duty bill at what's already an expensive time."
