What Mortgage Rates Can I Get From Halifax?
Halifax offers a wide-range of mortgage products with the mortgage rates being directly dependent on the type of mortgage and loan-to-value (LTV). This means that the current Halifax mortgage rates will vary based on factors such as deposit size, financial history, and income vs outgoings of the applicant(s).
As a whole-of-market broker, here at Boon Brokers, we can compare Halifax mortgage rates with that of other leading lenders to find the mortgage deal that is best for you. So whether you’re looking for the best first-time buyer mortgage rates, or a remortgage, we’re in the best position to help you – completely fee-free.
How Much Can I Expect to Borrow from a Halifax Mortgage?
Just like all lenders, the amount Halifax will allow for you to borrow will depend on a variety of factors, including your income, age, credit history, deposit size, and more. Lenders will use a multiple of your salary to determine your affordability, and Halifax will generally offer between 4 to 5.5 times your income. However, this can change depending on your financial standing.
The best way to work out your affordability and loan-to-value (LTV) is to work with a trust broker. Here at Boon Brokers, we provide fee-free mortgage advice and can compare Halifax mortgage loans with over 90 other UK lenders, ensuring that you get the full picture and secure the mortgage deal for you.
Will Halifax Approve a Mortgage Agreement in Principle?
Halifax can offer you a Mortgage Agreement in Principle (AIP). This is an estimation of how much they believe you will be able to borrow before the full mortgage application is proceed and complete. AIPs are based on your income, outgoings, and credit score, and are not a guarantee of the exact loan.
Boon Brokers can offer you the best advice and help securing your Agreement in Principle. Working with Halifax, we take care of all the paperwork to leave you hassle-free. In addition, we can compare Halifax’s offer with other leading lenders to make sure that you get the mortgage loan you need for your dream property.
How Can a Mortgage Broker Help You?
Working with a whole-of-market, trusted mortgage broker can provide you with a full perspective of what is available on the market today. From mortgage rates, early repayment fees, to available government schemes, a mortgage broker should provide you with a list of available options that suit your financial situation. At Boon Brokers, we work with leading lenders like Halifax to help our clients secure the mortgage that matches their needs. With whole-of-market access, we find and compare mortgage products from a host of lenders to help you get your foot on the property ladder – for free.
