Halifax offering lower mortgage rates through brokers
Halifax for Intermediaries is offering a range of fixed rate mortgages undercutting its direct customer proposition.
Trinity Financial has access to the bank’s semi-exclusive mortgage which is fixed at 1.39% until 30 June 2018.
At the end of the fixed period, the mortgage reverts to the lender’s standard variable rates, which is currently 3.99%. The overall cost for comparison is 3.75% APR
Aaron Strutt, product manager at Trinity Financial, says: “At the moment Trinity has access to a host of more competitively priced rates than customers applying directly through the bank.
“The lowest fixed rate on the Halifax website is 0.25% more expensive, although it has a lower £495 arrangement fee. If the loan is small enough then it may make sense to take the lower fee product.
“For mortgages between £1 million and £5 million the rates are also more expensive when applying through the branches or direct website.”
The semi-exclusive fixed rate has a £999 arrangement fee and early repayment charges until 30 June 2018. Applicants will require a 40% deposit to qualify and the maximum loan size is £1 million.
Monthly costs
If you are looking to secure a £500,000 mortgage through Halifax and you choose the 1.39% two-year fix, the monthly repayments will £579.17 on an interest-only basis or £1,973.94 on a capital repayment basis over a 25-year term.
It is possible to reduce the monthly repayments if you take the two-year tracker rate because it is 0.10% lower.
For help to secure a Halifax mortgage call Trinity on 020 7016 0790.
Get started today
Speak to one of our mortgage experts. Book an appointment to come and see us or request one of our experts to call you.
