The Halifax adds new mortgage products to its premier range.
Halifax Intermediaries has announced the launch of two new products which have been added to its premier mortgage range.
For those with a 30% deposit a 70% LTV 2 year fix is available at 2.09%. The rate for those with a slightly smaller 20% deposit is set at 2.79%.
In the lender's premier range the minimum mortgage advance to be accepted for this deal is £300,000 and the fee is £1,499.
While it is a significant fee you have to look at the deal overall to work out if the high fee is worth the rate offered.
On a large mortgage advance it could be the case that it actually works out cheaper to pay a large fee for a low rate. On an advance of £300,000 paying £1,499 may work out more cost effective than the same fee on a £100,000 mortgage.
If you are looking to take on a large mortgage you are advised to review the whole market to ensure you end up with the most affordable mortgage overall.
To compare the best mortgage rates and to gain access to mortgage exclusives not advertised anywhere on line, call us at Deal Direct.
For impartial advice and a low rate mortgage call an adviser today.
0800 048 8828.
