Halifax Fixed 1.92% until 31/08/2023
Which? customer score 63%
Assumed borrowing of £125,000 over 25 years, representative 3.4% APRC. Total amount payable: £185,142.17. Includes interest of £57,997.17, Valuation fee of £355, Booking fee of £295 and Administration fee of £1,495. Repayments: 62 monthly repayments of £524.96 at 1.92% (fixed), then 238 monthly repayments of £632.14 at 3.99% (variable).
Halifax customer satisfaction scorecard:
How do we work this out?| Clarity of statements | Flexibility of payments | Transparency of charges | Customer service | Overall customer score |
63%Poor |
Eligibility
| Maximum age | 75 |
|---|---|
| Minimum age | 18 |
| Location | Any |
| Restricted location note | N/A |
| Existing customer note | N/A |
| Eligibility notes | N/A |
Mortgage product details
| Mortgage types | Purchase |
|---|---|
| Deal type | Fixed |
| Tracker type | N/A |
| Payment options | Repayment |
Mortgage product features
| Overpayments allowed | Yes |
|---|---|
| Overpayment limits note | 10% capital repayments allowed without penalty |
| Offset mortgage | No |
| Help to Buy mortgage | No |
| Shared ownership mortgage | No |
| Shared equity mortgage | No |
| New-build mortgage | No |
| Self-build mortgage | No |
| Portable mortgage | No |
Product fees
| Arrangement fee | £1,495 |
|---|---|
| Arrangement fee can be added to loan | Yes |
| Booking fee | £295 |
| Telegraphic transfer fee | £160 |
| Insurance fee | £0 |
| Other fees | £0 |
Rate information
| Minimum borrowing amount | £250,000 |
|---|---|
| Maximum borrowing amount | £999,999 |
| Minimum term (years) | 1 |
| Maximum term (years) | 40 |
| Initial deal end date | 31.08.23 |
| Initial deal length (months) | 60 |
| APRC | 3.37% |
| Initial rate | 1.92% |
| Revert-to rate | 3.99% |
| Maximum LTV | 80.0% |
Other charges
| Exit fees | £0 |
|---|---|
| Valuation admin fee | £0 |
| Valuation fee | From £240 for property value above £50,000 |
| Early repayment note | 5% then 4% then 3% then 2.75% then 1.3% until end of fixed period |
Standard benefits
| Valuation admin fee excluded from any refund offer | Yes |
|---|---|
| Maximum free valuation | £0 |
| Cash back amount | £750 |
| Further notes about benefits | N/A |
Remortgage benefits
| Cash back on legal fees | No |
|---|---|
| Free legal work | No |
| Valuation offer | Payable |
Purchase mortgage benefits
| Cash back on legal fees | No |
|---|---|
| Free legal work | No |
| Valuation offer | Payable |