Halifax, for example, says it will pay stamp duty for first time buyers, on houses worth up to £250,000. This is a re-launch of their scheme which ran last spring. Other lenders offer similar deals, or different sorts of cash-back offers.
These offers are a welcome development for everyone, but not because they’re automatically the best deal. They are signs that lenders are working to bring in new buyers and, as James said last week: they mean more choice in the market.
Aaron Strutt, from Trinity Financial summed up the situation pretty well:
“Halifax deals are always very popular, because they are such a huge presence and also do a massive amount of advertising,” he said.
“But they may not necessarily be the best deals if a borrower can get a deal with a significantly lower rate of interest elsewhere.”
We are excited by these expanding product ranges, and it’s our job to find the perfect match for your situation. So give us a ring, and we’ll start searching with you.