Mortgage essentials

Lady shopping for vegetables

There’s a lot of jargon involved when you buy a house. Read our guides and soon you’ll know complex sounding terms like ‘loan to value ratio’ and ‘exchange of contracts’ like the back of your hand.  

Navigate the fundamentals of mortgages here – discover how much Stamp Duty you might have to pay, what leasehold means and how home equity ratio works. 

Whether you’re buying for the first or fourth time, you’ll find the key things you need to know about buying a house here.

How does a mortgage work?

A mortgage is a loan that you borrow to buy a house. Learn what mortgage terms are and how they work here.

How mortgages work

How to apply for a mortgage

Worried about the paperwork and process behind a mortgage? Find out how to apply for one here.

Applying for a mortgage

What is Stamp Duty?

Stamp Duty is a tax you might have to pay if you’re buying a house. Find out who has to pay and how much here.

Stamp Duty

What is loan to value ratio?

Loan to Value ratio is the percentage of borrowing you take out against the value of your home. Find out how it works here.

More on LTV ratio

What is home equity?

Home equity is affected by the value of your property and how big a deposit you paid. Find out how it works here.


Exchange of contracts explained

When this happens, you’re close to owning a home! Learn how exchange of contracts works here.

Exchange of contracts

What is a mortgage deposit?

You'll need a mortgage deposit to buy a home. Find out how they work here.

Mortgage deposits explained

Mortgage Argeement in Principle

Click here to find out what a mortgage Agreement in Principle is and how they work.

AiPs explained

Mortgage overpayments explained

Overpaying on your mortgage could save you money on interest. See if it’s right for you.

Overpayment calculator

What happens if you're turned down for a mortgage

Firstly, don’t panic! Find out why you may have been turned down here.

Declined applications

Freehold vs leasehold

There are two main property types – freehold and leasehold. Find out the difference between them.

Freehold vs leasehold

Can I get a mortgage with bad credit?

Learn about getting a mortgage with bad credit.

Bad credit

Can I get a mortgage while on maternity leave?

Read our full guide on applying for a mortgage while on maternity leave.

Maternity Leave

You could lose your home if you don’t keep up your mortgage repayments

Calculators and tools

We have a range of mortgage calculators to help you:

  • Find out how much you could borrow from Halifax
  • See how much you could save if you make overpayments on your mortgage
  • Get an idea how a change to the Bank of England Base Rate could affect your monthly payments
Use our calculators and tools

Speak to someone

You can talk to us over the phone or use our mortgage video service from the comfort of your own home.

Contact us