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House prices up 1.1% in January
The latest Halifax House Price Index shows that house prices rose by 1.1% in January following a small fall in December (-0.5%).
House prices in the three months November 2013-January 2014 were 1.9% higher than in the preceding three months (August 2013-October 2013). This is within the range of 1.8 – 2.1% recorded for this measure throughout the preceding eight months to June 2013.
The Halifax said activity is on an upward trend with housing transactions in 2013 exceeding one million for the first time since 2007.
Halifax launch fee-saver products for Help to Buy, First buy, NewBuy and MI New Homes mortgages.
Halifax launch fee-saver products for Help to Buy, First buy, NewBuy and MI New Homes mortgages.
A new ‘stamp duty special’ product range has been annoumced where Halifax will pay 100% of Stamp Duty Land Tax on selected products for first time buyers who fall into the 1% bracket (property purchase price between £125,001 and £250,000):
A choice of products will be available for first time buyers across the core range, affordable housing, Help to Buy/First Buy, NewBuy and MI New Home products
Cashback amount will equate to between £1,250 and £2,500
The payment will be made to the conveyancer on completion.
Their £500 cashback offer will be withdrawn from existing homemover and first time buyer products.
Halifax reduces affordable housing rates
Halifax reduces affordable housing rates
Halifax has reduced the rates across its NewBuy, Shared Equity and Shared Ownership mortgages in a move to further strengthen its support of the affordable housing sector.
The changes, which came into effect today include:
New Buy and MI NewHome
90% LTV 2 year fixed rate mortgage reduced by 0.30% to 4.69% with a £995 fee
90% LTV 2 year fixed rate mortgage reduced by 0.30% to 5.09% with no fee
90% LTV 7 year fixed rate mortgage reduced by 0.30% to 4.69 with no fee
Shared equity and Shared Ownership
Up to 60% LTV 2 year fixed rate mortgage is being reduced by 30bps to 2.74% with a £999 fee
60% LTV 2 year fixed rate mortgage is being reduced by 30bps to 3.19% with a £999 fee
Up to 75% LTV 2 year fixed rate mortgage is being reduced by 30bps to 3.59% with no fee
Halifax launch new fixed rate deals
Halifax has today launched a new 5 year fixed rate mortgage at a rate of 2.69%, further strengthening its support to the UK housing market.
Available from today, the 60% LTV, 5 year fixed rate mortgage will be available to homemovers at a rate of 2.69% with a £1,995 fee.