How much can I borrow with a Halifax mortgage?
How much you can borrow with Halifax is completely down to you and the home you want to buy. The amount you’re eligible to borrow will depend on things like your income, outgoings, credit score and the condition of the property.
Using a mortgage calculator can give you a rough idea of how much you can borrow. If you’re a first-time buyer, this can be a good way to get an indication of the budget you’re working with for your first home.
How big a deposit will I need with Halifax?
Again, the size of the deposit required for a Halifax mortgage will depend on the value of the property you want to buy. Usually, you’ll need to put down 10% of the property’s value. However, the higher the deposit that you can afford to put down will lower your loan-to-value (LTV) ratio. This could potentially improve your chances of being accepted for a Halifax mortgage and could improve the rate you’re offered.
What mortgage rates do Halifax offer?
The mortgage rate you are offered will depend on a whole host of different factors. These include things like your income, your expenses, the size of your deposit, your credit history and the property you’re hoping to buy. Once all these factors have been considered, Halifax will offer you a rate based on your personal circumstances.
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