Giving first-timers help

The lender has extended its range of special first-time buyer mortgages which can be tailored to suit their needs.

First-time buyers could choose from either a low variable or fixed rate, or tailor their individual deal with extras such as £250 cashback, a refund of the cost of a Halifax Valuation Report, or both. With immediate effect, first-time buyers are now also able to choose to have their conveyancing fees paid by Halifax.

Commenting on the offers, Phil Jenks, head of mortgages at Halifax, said: "Halifax offers first-time buyers a ‘purpose built’ menu of 'extras' designed to cut the cost of buying a home. Incredibly, only a handful of lenders offer first-time buyers special deals despite the vast range of offers available to homeowners and homemovers. In our experience, they need advice, a speedy service and a deal which enables them to cut the costs of buying a new home and reduce their mortgage repayments, particularly in the first few years when money is tight."