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Halifax – First-Time Buyers’ Two-Year Fixed Rate – Direct

Halifax – First-Time Buyers’ Two-Year Fixed Rate – Direct

Type: Fixed-rate mortgage

Fixed term: Until February 28, 2013

Fixed rate: 5.79%

Minimum loan:

Maximum loan: Up to 90% of valuation subject to a maximum of  £750,000, up to 85% of valuation subject to a maximum of £1m, up to 80% of valuation subject to a maximum of £2m

Income multiples: Based on affordability

Conditions: Capital repayments of up to 10% a year allowed without penalty, asic valuation fee refunded up to £430, £250 contribution towards legal fees if in-house solicitors used

Flexible features: Overpayments, underpayments, payment holidays, interest calculate daily

Arrangement fee: None

Redemption fee: 3% of the amount repaid in year one, 2% in year two

Introducer’s fee: None



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