Halifax Intermediaries launch a 2 year fix at 2.39%

A new 5 year fixed rate residential mortgage has been launched by the Halifax for those with a 40% deposit. For 60% LTV this mortgage is available at a rate of just 2.39%.

For those looking to remortgage with 40% deposit, a similar deal is available at a slightly higher rate of 2.54%. Fees on both mortgages are set at £1,499.

When considering this mortgage, it is important to compare it against the wider market to see if it is the most competitive offer at your deposit level.

When reviewing low rate deals it is vital to factor in fees charged.

A ‘like for like’ mortgage comparison is vital if you are to end up with the best deal overall. Low rate deals which come with a high fee may not work out so competitive overall, which is why you are advised to contact an independent ‘whole of market’ broker to help in your mortgage search.

At Deal Direct we offer impartial advice and a ‘whole of market’ mortgage search. We can find you the best the market has to offer at your deposit level.

In addition to reviewing advertised mortgages, we can also offer you mortgage ‘specials’ which are ‘exclusives’ offered through us by certain lenders to select customers.

While the Halifax are offering a good rate it is important to check what else is out there as there could be something more competitive. If you would like to discuss your mortgage options with an impartial adviser call us at Deal Direct.

For a low rate quote call us today on 0800 048 8828.