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Check your storm cover, says Halifax

Halifax Bank says it is offering first-time buyers extra help to get on the property ladder with a range of special deals and assistance with the cost of moving.

Its rates for people trying to buy their first home start from 4.25 per cent and all its first-time-buyer mortgages are available with loans to value of up to 97 per cent.

Halifax also offers £250 cashback which it says can help with the cost of moving or a refund of the cost of its mortgage valuation report.

At the same time, Halifax&#39s general insurance arm is encouraging homeowners to ensure they have enough household cover as December is the worst month of the year for storm damage.

Its statistics show that storm claims generally account for 20 per cent of total claims during December or 17 per cent in January. Although it received £5m in claims related to severe weather in October, Halifax warns this could potentially be worse over the next two months.

General insurance managing director Howard Posner says: “We are all very busy preparing for Christmas, buying gifts and decorating our homes, and we are perhaps not as vigilant as usual. If something does go wrong, the last thing you need is problems with your insurance.”

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