Stamp Duty Paid (£1250-£2,500 SAVING) Halifax first time buyers
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Stamp Duty Paid (£1250-£2,500 SAVING) Halifax first time buyers

78
Found 1st Apr 2014
Everyone hates Tax, Stamp duty is no exception. Halifax have come up with a great deal that they will pay your SDLT on properties between £125,000-£250,000.

Its something that has to be paid so make the most of it and let somebody else pay it!

First time buyer special offer

We'll pay 100% of the Stamp Duty on your first home

We know that buying your first home can be expensive, which is why we're helping out with one of the biggest costs. Get a mortgage from us and we'll pay 100% of your Stamp Duty Land Tax.

Things to keep in mind:

Offer is available to first time buyers on properties costing over £125,000 and up to £250,000.
Apply between 4th March and 6th May 2014.
Stamp Duty Land Tax will be paid via your conveyancer, after your mortgage completes.
Offer can be withdrawn at any time. Offer excludes: Buy To Let, Shared Equity, Shared Ownership, Help to Buy (Equity Support only), NewBuy Scheme, MI New Home Scheme.
However, if the home you're buying costs £125,000 or less, you won't miss out - we'll still give you £250 cashback via your conveyancer, after your mortgage completes.

78 Comments

Because their int rate is higher than other lenders

As above, they arnt going to give you 1,500, theyll claw it back through higher interest rates

Good luck finding anything to buy in the south for that price

Original Poster

Halifax are one of the best lenders around, sometimes even if their rates might be higher, when coming to the end of a fixed rate they have been letting customers move onto another fixed rate without any fee. To those first time buyers out there trying to find a mortgage, this is still worth a phone call.

I'm currently moving myself and I searched over 60 companies for mortgages until i got the one i wanted. i dont give up easily!

jhc1

Good luck finding anything to buy in the south for that price



Just have to move further north then.

emma1487

Halifax are one of the best lenders around, sometimes even if their rates … Halifax are one of the best lenders around, sometimes even if their rates might be higher, when coming to the end of a fixed rate they have been letting customers move onto another fixed rate without any fee. To those first time buyers out there trying to find a mortgage, this is still worth a phone call.I'm currently moving myself and I searched over 60 companies for mortgages until i got the one i wanted. i dont give up easily!



Halifax have plenty of free mortgages, they also have a lot for a 995... at a lower interest rate

Im sure they'd happily move you to another mortgage for free, as they laugh all the way to their own bank at the over the top interest rate they will now be charging you
Edited by: "swafe" 1st Apr 2014

swafe

As above, they arnt going to give you 1,500, theyll claw it back through … As above, they arnt going to give you 1,500, theyll claw it back through higher interest rates



When you've compared all of the different other lenders rates with this one, at the different loan to value rates available and found one cheaper overall including fees and stamp duty paid then I may take your comment seriously, otherwise it has no foundation.

Original Poster

oldino

When you've compared all of the different other lenders rates with this … When you've compared all of the different other lenders rates with this one, at the different loan to value rates available and found one cheaper overall including fees and stamp duty paid then I may take your comment seriously, otherwise it has no foundation.

Thanks! someone who understands! stamp duty needs paying whatever and some FTB's would really find this helpful, specially as sometimes you can work out that your dream first house is just £2000 too much in costings....

oldino

When you've compared all of the different other lenders rates with this … When you've compared all of the different other lenders rates with this one, at the different loan to value rates available and found one cheaper overall including fees and stamp duty paid then I may take your comment seriously, otherwise it has no foundation.



I'm buying a house as we speak, just going through the solicitors at the moment, I have compared the entire market, and although circumstances will vary, for me, the deal I have found is fee free and 0.7% cheaper per year, seeing as you are locked in for 2 years on 100k mortgage that's 1400 quid, mines for more than that so it more than cancels out the stamp duty they offer
Edited by: "swafe" 1st Apr 2014

Original Poster

fee free usually means higher apr anyways to let it be free in the first place, so therefor if you dont change your mortgage you'll be paying it in your apr for 25 or whatever years

swafe

I'm buying a house as we speak, just going through the solicitors at the … I'm buying a house as we speak, just going through the solicitors at the moment, I have compared the entire market, and although circumstances will vary, for me, the deal I have found is fee free and 0.7% cheaper per year, seeing as you are locked in for 2 years on 100k mortgage that's 1400 quid, mines for more than that so it more than cancels out the stamp duty they offer



The point in the offer is that first time buyers with minimum deposit do not have to find an extra £1250-£2500 on top of their already hefty deposit. Evidently your deal is better than this and as you have compared the whole market it must be a HOT deal. Why not post your deal rather than making unfounded comments?

stamp duty is such an oppressive tax just like vat. it's just more money for government to jolly it up at tax payers expense.

I used Halifax for my mortgage I got through the Help to Buy scheme and when taking into consideration the free stamp duty no other lender came close.

And they've been great so far, they even sent me a hamper with goodie to welcome me into my new home! Heat from me

swafe

I'm buying a house as we speak, just going through the solicitors at the … I'm buying a house as we speak, just going through the solicitors at the moment, I have compared the entire market, and although circumstances will vary, for me, the deal I have found is fee free and 0.7% cheaper per year, seeing as you are locked in for 2 years on 100k mortgage that's 1400 quid, mines for more than that so it more than cancels out the stamp duty they offer



I'm after a 80% LTV deal, first time buyer, i've found the HSBC fee saver to be best. You found anything better?

It's 80% LTV, 2.79% fixed rate for 2 years. No Fee's at all, Free standard valuation
Edited by: "joncoyle87" 2nd Apr 2014

joncoyle87

HSBC 2yr Fixed rate Fee Saver.No Fee's2.79% Better...



What LTV? I am guessing less that the 90-95% most FTB will be looking at....

jhc1

Good luck finding anything to buy in the south for that price



Of course, because there's nothing for sale in the South for less than £250k

KevClark1985

What LTV? I am guessing less that the 90-95% most FTB will be looking … What LTV? I am guessing less that the 90-95% most FTB will be looking at....



Yeah, that was 80%.

I take your point.

I've still not locked a deal in. So still looking for the best option.
Mortgage Advice bureau produced a quote for me last night through Acorn (part of Yorkshire bank)
That was 2.39%, but with approx £1200 total fees (including M.A.B's fee)

so the HSBC deal was still a bit better for me.

whoknew

stamp duty is such an oppressive tax just like vat. it's just more money … stamp duty is such an oppressive tax just like vat. it's just more money for government to jolly it up at tax payers expense.



also the way it isn't tiered like income tax is rediculous

joncoyle87

Yeah, that was 80%.I take your point.I've still not locked a deal in. So … Yeah, that was 80%.I take your point.I've still not locked a deal in. So still looking for the best option.Mortgage Advice bureau produced a quote for me last night through Acorn (part of Yorkshire bank)That was 2.39%, but with approx £1200 total fees (including M.A.B's fee)so the HSBC deal was still a bit better for me.



Most of the 95% LTV ones I have seen are around 5% fixed for 2 years then dropping to about 4%. makes for pretty high monthly payments...

Nothing is really 'free' when it comes to finance but if it suits your circumstances to, in effect, put the Stamp Duty onto the mortgage then it's a convenient deal.

honeymonster86

Could Goodness me, do you know anything about mortgages... its not a 25 … Could Goodness me, do you know anything about mortgages... its not a 25 year fix!!



I am pretty sure Emma knows that as it was her that posted this deal lol

Anyway voted hot by me, shame I only started my mortgage 5 months ago!

I got a good deal on mine 3.5% on a 5 year fix, you probably need a better deposit for these though.

That being said the Halifax probably won't turn you down for a mortgage, and the stamp duty is a cost you would need to find, its hard to scrape together a deposit and all the moving costs, so finding £1250 to £2500 for stamp duty is a hardship you do not need. I'm sure they'll claw it back.

Post office turned me down flat for no real reason (i was actually a customer of theirs already), Halifax snapped my hand off.

They also sent me a welcome pack when I moved in, I'm sure I paid for it but it was a nice touch and I enjoyed my small bottle of wine and thorntons chocs whilst hanging the picture hooks they sent.

wonneil

I am pretty sure Emma knows that as it was her that posted this deal … I am pretty sure Emma knows that as it was her that posted this deal lolAnyway voted hot by me, shame I only started my mortgage 5 months ago!



Oops, sorry op. I retract the statement! Thought it was just another negative hole-picker.

KevClark1985

Most of the 95% LTV ones I have seen are around 5% fixed for 2 years then … Most of the 95% LTV ones I have seen are around 5% fixed for 2 years then dropping to about 4%. makes for pretty high monthly payments...



That's why i'm putting down as much as I possibly can.

honeymonster86

Oops, sorry op. I retract the statement! Thought it was just another … Oops, sorry op. I retract the statement! Thought it was just another negative hole-picker.



I had a feeling that's what you thought which is why I mentioned who it was (_;)

The only downside with this deal is the £250 for houses less than £125,000, not exactly the same as £1250 - £2500 lol

wonneil

I had a feeling that's what you thought which is why I mentioned who it … I had a feeling that's what you thought which is why I mentioned who it was (_;)The only downside with this deal is the £250 for houses less than £125,000, not exactly the same as £1250 - £2500 lol



You don't pay stamp duty on purchases less than £125,000 anyways though, so its still £250

joncoyle87

That's why i'm putting down as much as I possibly can.



Yeah, great that you can. It's a lot of money to get 20% deposit though and while I could do it, it would mean waiting another 3 years or so to get a house. I think for most people 10% deposit is hard enough, and 5% is realistically doable in a reasonable time (i.e 2-3 years)

This is an excellent deal, I got it the last time it was on and am happily writing this from my flat now!

Did have to fight for it a bit due to first property falling through and deal no longer on for 2nd but managed to keep it, but at the time no mortgage broker could get anywhere near the offer, at 20% ltv got a 3.24% 2 year fix, the best rate possible anywhere else (from multiple whole market brokers and l&c - lcplc.co.uk/bes…ys/ - was 3.19% obviously without the SD paid. The brokers ended up saying wasn't possible to compete and I should take it which I did.

Halifax were always good to deal with too, and the wine/chocs were a nice touch, plus the mortgage was completely zero fee and I got 150 quid paid towards my solicitors fees as well as the stamp duty.

DUNOEboutTENG

You don't pay stamp duty on purchases less than £125,000 anyways though, … You don't pay stamp duty on purchases less than £125,000 anyways though, so its still £250



I know that but for the sake of £250 I am pretty sure there will be better rates out there where you save that in the first year alone, but £1250-2500 is a very tempting offer

No such thing as free money. They just charge higher interest to take money in a different way. Sadly most people have very poor maths and are fooled easily.

happenstance

No such thing as free money. They just charge higher interest to take … No such thing as free money. They just charge higher interest to take money in a different way. Sadly most people have very poor maths and are fooled easily.



might not be free, but a lot of people would rather include the cost in the mortgage than pay it upfront.

happenstance

No such thing as free money. They just charge higher interest to take … No such thing as free money. They just charge higher interest to take money in a different way. Sadly most people have very poor maths and are fooled easily.



Personally I've had plenty of free stuff from using this site including amazon vouchers which are more or less cash for me

Free meals (inc lunch), free drinks, free games, free flights, free taxis, the list goes on...

Oh, my maths is fine too - I saved over 2k with this deal as the difference between 2 year fix at 3.24% vs 3.19%
Edited by: "fragster" 2nd Apr 2014

wonneil

I know that but for the sake of £250 I am pretty sure there will be … I know that but for the sake of £250 I am pretty sure there will be better rates out there where you save that in the first year alone, but £1250-2500 is a very tempting offer



Oh I see what you meant now. That is very true, not a great incentive if they don't offer the best rate for someone's particular situation X)

How much do you get if your buying a house over 250k like at 260k, will they give you £2500?

KevClark1985

Yeah, great that you can. It's a lot of money to get 20% deposit though … Yeah, great that you can. It's a lot of money to get 20% deposit though and while I could do it, it would mean waiting another 3 years or so to get a house. I think for most people 10% deposit is hard enough, and 5% is realistically doable in a reasonable time (i.e 2-3 years)



I was working towards 10%, which I have just managed, but just got promoted and get a company car in the coming months, luckily I had bought my car with cash so that's making up the other 10%. Buying a house isn't cheap, and the fee's and tax's make it even harder to get on the ladder.

fragster

Personally I've had plenty of free stuff from using this site including … Personally I've had plenty of free stuff from using this site including amazon vouchers which are more or less cash for me 8)Free meals (inc lunch), free drinks, free games, free flights, free taxis, the list goes on...Oh, my maths is fine too



These things are factored into their business model, you, or someone else, will eventually pay for it. A bit like free healthcare.

By the way are there still stamp duty exempt areas? My first house was in one and it saved me £800

Most of the better rates are picky about who they lend to and they go after the most profitable business. The 95% rates are high but so are everybodys, there is also a little better rate for being a Halifax customer (or becoming one)

blammo

These things are factored into their business model, you, or someone … These things are factored into their business model, you, or someone else, will eventually pay for it. A bit like free healthcare.



Sure I understand that, no doubt most of those freebies come out of a marketing budget but you can certainly play the game. Just as when comparing mortgages if you can't beat the rate anywhere else then it's the best option, sure you're still spending money not making it, but without 200k to buy a house in the bank it's the best option for most!

Original Poster

honeymonster86

Oops, sorry op. I retract the statement! Thought it was just another … Oops, sorry op. I retract the statement! Thought it was just another negative hole-picker.

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