Halifax to pay Stamp Duty bill for first-time buyers

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Halifax's mortgage adviser arm, Halifax Intermediaries, is set to pay the full Stamp Duty bill for first time buyers purchasing homes worth up to £250,000.

The intermediary lender will pay the bill on properties worth between £125,000 and £250,000, reducing a first time buyer's costs by up to £2,500. The offer is available through a range of "Stamp Duty Special" products in the Halifax Intermediaries mortgage range. Products it can be applied to include the 60% LTV two-year fixed rate of 2.54% and the 85% LTV two-year fixed rate of 3.84%. Ian Wilson, head of sales for Halifax Intermediaries, said: "Buying a home is one of the most expensive purchases many will ever make and the costs associated can place an extra burden on first time ...

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