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Halifax to pay FTB stamp duty on homes up to £250k

Halifax Building 480

Halifax Intermediaries has offered to pay full stamp duty bills for first-time-buyers on properties worth up to £250,000.

The Stamp Duty Special deal will run from today until 7 July and includes a 60 per cent LTV two-year fix at 2.54 per cent and an 85 per cent LTV two-year fix at 3.84 per cent.

Halifax Intermediaries head of sales Ian Wilson says: “Buying a home is one of the most expensive purchases many will ever make and the costs associated can place an extra burden on first time buyers. 

“Stamp duty can often be the one of the largest cost that can be overlooked, particularly for buyers who are focused on saving an initial deposit for their first home.”

Halifax says its research showed first-time-buyers accounted for 40 per cent of all property purchases in 2012.

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Comments

There are 6 comments at the moment, we would love to hear your opinion too.

  1. Did Halifax research indicate how many of these FTB’s have between 15 & 40% deposit.

    Another marketing strategy from the Lloyds group that is fundamentally flawed.

    The bank that likes to overcharge and still ignores the principles of TCF at any opportunity.

  2. A great rash statement ‘Anon’!!! Had you actually done some research in to this or read the information the Halifax has sent out you would see they also offer a 90% deal @ 4.99% for a 2 year fix.

    Lets try and support lenders coming up with new initiatives before blindly beating them down, alternatively follow your own advice and do some research first????

  3. But won’t HMRC tax that payment the same way that they tax rebates on wraps? If not can someone explain why not?

  4. I commented on the article Ben. Should I research your comments before replying incase you have missed some information out like these deals should be compared against other options as they do not represent good value in the majority of cases?

  5. RegulatorSaurusRex 2nd May 2013 at 9:40 am

    Another taxable rebate, we the regulators will have a word with our colleagues at HMRC and then pounce on Lloyds TSB.

  6. HELLO EVERYONE,

    So I have a mortgage offer from Halifax confirmed by them that they will lend me 205k.
    I now see this offer for 100% off stamp duty. I had to take out the mortgage through Broker. WILL I STILL BE ABLE TO GET THIS OFFER.

    One side of me says NO as Halifax pays them incentive for getting them a customer.

    ANYONE HAS ANY SAY ON THIS?

    thanks

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