Halifax mortgage offer - stamp duty to be paid for first-time buyers.

The Halifax has announced an extension to its first time buyer mortgage incentive, the lender will continue to pay stamp duty on all first time properties up to a value of £250,000.

This means that buyers could save up to £2500 in upfront costs just by choosing a Halifax mortgage. Stamp duty is not levied on property valued at £125,000 and below, and so for first time buyers purchasing a home under £125,000 cash-back of £250 is offered.

There are exceptions to the Halifax offer, its stamp duty mortgage incentive is not available on property purchased for buy-to-let or property purchased through shared equity, shared ownership, Help to Buy, New Buy or MI New Home application schemes.

The Halifax mortgage incentive proved invaluable to 14,000 new home-owners who purchased a first home during 2013, and it is expected to help a similar number this year.

If you are looking for a competitive first time mortgage, a call to Deal Direct can get you the most affordable mortgage on offer tailored to your financial needs.

We can compare all deals on offer market-wide for your available deposit level. All rates, fees, costs and mortgage incentives will be factored into our mortgage comparison to ensure that we come up with the offer which truly is the most competitive over all.

For a low rate mortgage and impartial advice, speak to one of our team.

Call us on 0800 048 8828.