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Halifax offers £250k stamp duty relief for first-timers

Halifax is offering to pay the stamp duty on all first-time buyer properties between £175,000 and £250,000.

The Government currently offers a stamp duty reprieve for all properties below £175,000 but Halifax is offering to pay the tax for all first-time buyers above that level.

Any first-timers buying with Halifax will receive 1 per cent of the purchase price of the property on completion. It’s available on its five-year fixed rate mortgage up to 90 per cent LTV, effective from April 29.

A cheque will be issued directly by Halifax to the conveyancer following completion of the mortgage.

Halifax says: “As the UK’s largest mortgage lender, Halifax is showing its commitment to First Time Buyers by launching a unique and innovative product specifically designed to help them take their first steps on the housing ladder.”

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