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Mortgage products

We've different types of mortgage products with different types of interest rates. These change from time to time and we'll give you details of the current range when you apply.

You can get an idea of how much you could borrow and compare rates with our mortgage calculator and tools.

Your mortgage adviser will discuss your needs and circumstances with you before recommending the most suitable mortgage for you. They'll give you a Mortgage Illustration that sets out the loan’s total cost and gives essential information about the product(s) you're interested in. You should read this carefully before applying and paying any fees.

The Mortgage Illustration includes an Annual Percentage Rate of Charge, usually called an ‘APRC’. This is an annual interest rate which takes account of fees and charges to reflect the total cost of your mortgage. Your Mortgage Illustration will detail the fees which are included in this calculation. An APRC is calculated using a standard method so it provides an effective way for you to compare quotes from different lenders.

Type of mortgage rates

Type of product

How it works

Early repayment charges

What it means for you

Is it right for you?

Type of product

Fixed rate

How it works

Your interest rate is set at a certain level for an agreed period (the product rate period). At the end of that period we switch you to another rate, usually one of our Halifax lender variable rates.

Early repayment charges

Early repayment charges usually apply during the product rate period.

What it means for you

Your interest rates will stay the same during the product rate period, even if the Bank of England base rate or our Halifax lender variable rates change.

A fixed rate gives you the security of knowing your interest rates won’t change.

Is it right for you?

Ask yourself if being certain that your interest rates won't rise is more important than the possibility of paying a lower interest rate. With a fixed rate, you won't benefit from any falls in the interest rate during the product rate period.

Type of product

Tracker rate

How it works

This is a variable rate that is above, below or the same as the Bank of England base rate or some other rate it tracks for an agreed period. At the end of that period, we will switch you to another rate, usually one of our Halifax lender variable rates.

Early repayment charges

Early repayment charges usually apply during the product rate period.

What it means for you

It can pay to have a tracker if you can afford to pay more when interest rates rise so that you can benefit when they fall.

It may not be suitable if you live on a tight budget that won't stretch to higher monthly payments when rates rise.

Is it right for you?

Ask yourself if you're confident that you'll be able to make your monthly payments if interest rates rise.

Type of product

Halifax lender variable rates

How it works

A variable rate we set. We can change our lender variable rates at any time. We will only increase them because of a change to our cost of lending, a change to laws and regulations or a change to our technology or systems that cause our costs to change. You can read more about this in the Mortgage Conditions.

We have more than one Halifax lender variable rate, and we may change one rate at a different time or by a different amount to another of our lender variable rates. Your mortgage Illustration and offer letter say which rate(s) applies to you.

These rates aren't available as a stand-alone product. They are usually a rate we switch you to at the end of your product rate period.

Early repayment charges

Early repayment charges don't usually apply, but check your mortgage Illustration or offer letter to be sure.

What it means for you

If you stay on a Halifax lender variable rate you’ll need to consider if you can afford the monthly payments when interest rates rise so that you can benefit when they fall.

Is it right for you?

Ask yourself if you're confident that you'll be able to make your monthly payments if interest rates rise.

You may be able to swap onto a different rate by doing a Product Transfer.

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