2 May 2013

Mortgage Director Halifax, Craig McKinlay recently noted on houseladder.co.uk that people purchasing a property can overlook Stamp Duty because they focus on other aspects of buying a home.

To assist customers with this cost Halifax revealed it will cover the cost of Stamp Duty (up to £2,500) for first-time buyers applying for a mortgage with the lender.

Mr McKinlay said on houseladder.co.uk that: "Stamp Duty can often be a cost that is overlooked, particularly for buyers who are focussed on saving an initial deposit for a house."

Halifax is keen to help individuals looking to purchase their first property and remove financial barriers at an already costly time. Halifax will pay 1% of the cost of the property to the solicitor on completion, meaning Halifax will pay £2,500 to people buying a home for £250,000.

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