Halifax launches 'no fees' - Press Release

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					    Press Release
                                                           For Immediate Release 5th January 2011

                   Halifax Launches ‘No Fees’ First Time Buyer Mortgage

Halifax has launched a new two year, fee free, fixed rate first time buyer mortgage at 5.79%.

The product has been specifically designed to help first time buyers by paying the fees on their
mortgage, saving them at least £1986* on typical initial costs.

Today's first time buyer typically pays a product fee of around £995, £506 on conveyancing costs, £240
on a valuation fee and around £250 on costs with setting up the mortgage – such as a Mortgage Account

No other mainstream lender is currently offering first time buyers a similar no-fee deal.

Product details:

•   New 2 year fixed rate at 5.79% for first time buyers
•   Available up to 90% LTV
•   No fees – No product fee, No Conveyancing fees, No Mortgage Application Fee
•   A refund of valuation fee
•   Saving of at least £1,986
•   Early repayment charge of 3% in year 1, 2% in year 2

Stephen Noakes, commercial director of mortgages at Halifax comments: "First time buyers are an
important part of the housing market and whilst they are benefitting from the best monthly mortgage
affordability in over a decade, buying a first home has always been an expensive process where every
penny counts. Providing support to first timers by paying the fees on this product means that buyers can
put that money to use supplementing their deposit or purchasing furniture or white goods for their new
home.    We’re committed to offering our customers flexible and competitive products to help them
achieve their home ownership ambitions."


Halifax is part of the Lloyds Banking Group
Tel: 01422 333829 Fax 01422 333007
*£1,986 saving based on Halifax paying £506 conveyancing fee, £995 product fee, £245 Halifax
mortgage account fee and refunding £240 valuation fee

5.79% fixed rate for 2 years is for qualifying current account holders, who pay £1,000 or more each
month into their current account with Halifax, or hold an Ultimate Reward Current Account.
Product is available to first time buyers borrowing up to 90% of the property price or purchase price,
whichever is the lower. Maximum loan amount is £2 million. This offer is on a repayment basis only and
an early repayment charge applies until 28/02/2013.

Halifax is part of the Lloyds Banking Group
Tel: 01422 333829 Fax 01422 333007