New remortgage cashback offer at Halifax

Posted on Tuesday, March 15 by Joy Tibbs

Halifax has introduced a new offer for remortgage customers allowing them to earn £250 cashback automatically on completion of their mortgage.

With remortgage rates starting from 2.24%, customers looking to switch their mortgage to the Halifax before April 24 could make substantial savings. Halifax customers can take advantage of the bank’s Switcher Service, which offers customers a dedicated mortgage adviser and no charge for the standard valuation costs and basic legal fee. On average, this saves customers around approximately £300.

Recent research from Halifax highlighted the potential savings for borrowers moving from a variable rate to a fixed deal have improved significantly over the course of the past two years. It showed that a borrower taking out a fixed rate in November 2015 would be paying £457 a month on a £100,000 loan compared with £555 on the average standard variable rate. This saving of £99 a month is 50% higher than two years earlier.

Craig McKinlay, mortgages director at Halifax, said: “Existing homeowners stand to save a significant amount by switching their mortgage to the Halifax, not only on their monthly payments, but this latest offer means that the cost and any hassle has also been reduced significantly.”

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