Money blog: Halifax goes rogue with new mortgage term

14 hours ago · Halifax has announced the launch of a new 1.5-year fixed-rate remortgage product that has been described as an "intriguing innovation". The deal will be available from tomorrow …

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Halifax: Homebuying Affordability Improves But Challenges Remain

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2 hours ago · Monthly new mortgage costs have dropped by an average of 9%, from £1,116 to £1,060. That’s based on the typical monthly cost of a five-year fixed-rate mortgage, with a 30 …

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1 day ago · Money blog: Halifax goes rogue with new mortgage term Airports join budget backlash with warning of business rates 'catastrophe' Supermarket loyalty prices offer genuine savings, …

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Halifax Not Reducing Term With Overpayment

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Jan 4, 2024 · As this will have the impact of reducing your mortgage term. Also will reduce the amount of interest you'll incur in the future. If you have funds in excess of the 10% annual …

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'Decrease The Term Or Overpay My Mortgage?' – Martin Lewis …

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Mar 16, 2015 · Let's imagine she has a £200,000 mortgage remaining over 20 years, currently at 2.5%, and her monthly repayments are £1,060 a month. Cut the term to 15 years and they rise …

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FAQs about Money blog: Halifax goes rogue with new mortgage term Coupon?

Why is Halifax launching an 18-month fixed rate mortgage deal?

Halifax is launching an 18-month fixed rate mortgage deal in response to growing demand among borrowers for shorter term deals. The one and half-year fix is aimed at homeowners looking to remortgage and could appeal to those expecting interest rates to fall next year and beyond. ...

Will Halifax remortgage be shortened by 6 months?

Halifax's new 1.5 year mortgage term has been welcomes by those looking for shorter fixed rate products. Reducing its shortest fixed rate remortgage term by six months will help those who want the security of a fix, without being tied into a longer deal - particularly with lower rates expected in the medium-term. ...

How has Halifax remortgage rates changed in 2024?

One of Britain's biggest lenders has kicked off 2024 with a wave of mortgage rate cuts. Halifax has slashed its remortgage rates across its two-year, five-year and 10 year fixed rate deals by up to 0.83 percentage points. It also cut rates for its existing customers that opt to stay loyal and refinance with the bank by up to 0.92 percentage points. ...

Are Halifax mortgage rates a good option?

Here’s how the rates stack up, and whether brokers think it’s a good option. What rates is Halifax offering? Halifax is offering a range of rates, dependent on the size of equity people have in their home. The best rate is 4.37 per cent but comes with a £1,499 fee. ...

Does Halifax remortgage offer cashback?

Halifax goes rogue with new mortgage term Halifax has announced the launch of a new 1.5-year fixed-rate remortgage product that has been described as an "intriguing innovation". The deal will be available from tomorrow but only to eligible customers who use their own conveyancer. It also comes with £250 cashback. ...