The fixed rate mortgages are available for periods of between one and five years with interest rates starting as low as 3.41%. There is also the possibility to opt for interest only repayments during the length of the fixed rate period.
Fixed Term Rate Arrangement Fee Max LTV
1 Year 3.41% 1% of loan 60%
2 Year 3.95% 1% of loan 60%
3 Year 4.15% 1% of loan 60%
4 Year 4.35% 1% of loan 60%
5 Year 4.55% 1% of loan 60%
* Loans above 60% LTV are available by arrangement.
* At the end of the term, all fixed rate mortgages revert to a variable rate product tracking either monthly MIBOR or EURIBOR agreed prior to completion.
Banco Halifax Hispania specialises in offering euro mortgages to the many thousands of UK residents who buy homes in Spain each year.
Commenting on the launch Ian Smith Head of European Operations, Halifax plc said:
"These very attractive fixed rates will be ideal for those who prefer to have certainty of repayment costs during the early years of the mortgage."
