Mortgage Next launches new range of base rate trackers

The new range offers mortgages for First Time Buyers, Homebuyers and Remortgage, all tracked until 30 November 2005.

FTBs qualify for £250 cashback and a refund of up to £435 when using a Halifax Valuation Report. Remortgage customers qualify for a Free Property Assessment and Halifax will also pay their legal fees.

There is no arrangement fee for any of the mortgages in the new range, and repayment fees are 3% to 31/10/2003, 2% to 31/10/2004 and 1% to 31/10/2005.

Marketing Director at Mortgage Next, Justine Tomlinson, commented “This move by Halifax to offer competitive rates through Mortgage Next shows their commitment to the intermediary market, and enables Mortgage Next’s members to really add value to their customers”.

Product Summary:


Type LTV Rate

Tracked Until Cashback Refund of

Valuation Repayment


FTB’s Up to 97% 4.40% 30/11/2005 £250 Yes*

3% to 31/10/2003

2% to 31/10/2004

1% to 31/10/2005

Homebuyer 75% - 97% 4.50% 30/11/2005 No None

Remortgage Up to 80% 4.50% 30/11/2005 No N/A**

Remortgage 80% - 95% 4.65% 30/11/2005 No N/A**

or omission.

No Arrangement Fee

*Refund of Halifax Valuation Report to £435

**Remortgage Customers Free Property Assessment and Halifax pay their Legal Fees

Minimum loans: FTB’s no min, Homebuyers £100,000 & Remortgages £120,000

Membership to Mortgage Next is free. For further information call 0845 130 2223