Halifax Remortgage Calculator

Use our remortgage calculator below to get the best rate on a remortgage compared to a similar mortgage from Halifax. Remortgages are available for all situations and credit scores.

Use our exclusive remortgage calculator to compare the results to Halifax, gain an overview of the options available, and establish your budget. Contact UK Property Finance with details of your requirements or drop us an email, and we’ll get back to you as soon as possible.

Mortgage lending with Halifax

Owned and operated by Lloyds Banking Group, Halifax has been offering a dynamic range of banking and financial services since 1852. Halifax serves approximately 30 million customers and businesses, employing more than 75,000 people and collecting prestigious awards on a regular basis. Halifax remortgage deals are available for existing and new customers. The mortgage interest rates and borrowing costs are competitive when compared to other high-street banks.

Halifax remortgage criteria follow the same basic principles as their standard mortgage application. There are more incentives to consider, such as time-limited deals like £1,000 cashback and reduced legal fees. Poor credit applicants are rarely considered by Halifax for most types of mortgages.

What mortgages does Halifax offer?

Looking for mortgage options? Halifax has you covered! They offer a range of choices, including fixed-rate mortgages, tracker mortgages, and offset mortgages. Whether you’re a first-time buyer, looking to remortgage, or delve into buy-to-let, Halifax has tailored solutions for you.

But wait, there’s more! Halifax isn’t just about mortgages. They also provide current accounts, savings accounts, ISAs, loans, and investment opportunities.

Keep in mind that Halifax operates under the umbrella of Bank of Scotland plc, which is authorised by the Prudential Regulation Authority and regulated by both the Financial Conduct Authority and the Prudential Regulation Authority.

Halifax provides a variety of mortgage options catering to first-time buyers, home movers, remortgagers, and buy-to-let borrowers:

  • First-time buyers: Halifax offers mortgages with a maximum loan-to-value, supporting government schemes like Help to Buy ISA and equity loans, requiring only a minimum 5% deposit.
  • Home movers, both new and existing customers, can secure a mortgage for their new property with Halifax. Existing customers may even have the option to port their mortgage deal if they’re halfway through.
  • Buy-to-let borrowers: Benefit from Halifax’s specialised mortgages, available for new borrowers, remortgagers, and existing customers seeking a new deal. Plus, if you haven’t reached your loan-to-value limit, there’s potential to borrow more.
  • Thinking of remortgaging? Halifax welcomes both new and existing customers, waiving the Early Repayment Charge for existing customers switching to a new deal with fewer than three months remaining on their current one. 

Flexible and accessible remortgage deals

Applying for a remortgage with a major bank like Halifax can be just as difficult, and time-consuming as organising a traditional mortgage. It can also be extremely difficult to qualify for a conventional remortgage if you have a less than perfect credit score. A Halifax remortgage can certainly be competitive, but there isn’t a great deal of flexibility or accessibility on the High Street in general.

Making sure you get the best mortgage deals

To make sure you get the very best remortgage deal, make sure to tick off all of the below:

  • Keep an eye on rates: Opting for a fixed-rate mortgage provides stability with predictable monthly repayments, while a tracker mortgage might yield overall savings. Assess what aligns with your financial situation and your risk tolerance.
  • Factor in fees: Be mindful of associated fees, as they significantly impact the total cost. Additionally, consider the initial term’s duration, as early repayment charges may apply if you exit prematurely.
  • Check your credit rating: Prior to applying for a mortgage, review your credit report. A favourable rating opens doors to better rates and deals. Take proactive steps, like registering on the electoral roll, to enhance your rating.
  • Shop around: Don’t settle for the first offer. Explore the entire mortgage market for options tailored to your needs. Our comprehensive mortgage comparison service simplifies the process, whether you’re purchasing or refinancing.

Here are some key insights about Halifax mortgages:

  • Flexible Terms: With no minimum term and a maximum term of 40 years, you have plenty of options to tailor your mortgage to your needs.
  • No Size Restrictions: While there’s no minimum loan size, the property must be valued at a minimum of £40,000.
  • Repayment Options: Choose between capital repayment or interest-only repayments to suit your financial strategy.
  • Income Consideration: There’s no minimum income requirement, and joint applications can involve up to four applicants. However, only the income of two applicants is considered.
  • Portability: Halifax mortgages are portable, offering convenience if you decide to move, subject to certain criteria.
  • Age Criteria: Applicants must be at least 18 years old, and the maximum age at the end of the mortgage term is 80 years (70 for interest-only mortgages).

At UK Property Finance we offer an independent brokerage service that goes far beyond the usual remortgage comparison sites. Along with major banks and lenders like Halifax we also consider competitive remortgage deals from specialist lenders beyond the High Street. We provide specialist support for applicants who may be unable to qualify for a remortgage via the usual channels. If your credit history renders a Halifax remortgage out of reach, we’ll help you find a flexible and accessible deal to suit your requirement.

Complete market comparison

Our intensive market comparison service takes into account the latest deals and discounts from dozens of established lenders across the UK. Whether considering a property improvement project or simply looking to switch to a loan with a lower rate of interest we make every effort to help.

See the below mortgage product repayment examples offered by UK Property Finance and see how our repayment compares to those similar products of Halifax.

Remortgage Buy to Let Let to Buy
Property Value: £350,000 Property Value: £350,000 Property Value: £350,000
Interest Rate: 4.09% Interest Rate: 3.69% Interest Rate: 4.29%
Term (Years): 25 Term (Years): 25 Term (Years): 25
Down Payment: 15% Down Payment: 15% Down Payment: 15%
Your Deposit: £52,500 Your Deposit: £52,500 Your Deposit: £52,500
Mortgage Loan: £297,500 Mortgage Loan: £297,500 Mortgage Loan: £297,500
Monthly Payment: £1,585 Monthly Payment: £1,520 Monthly Payment: £1,618
Commercial Subprime Equity Release
Property Value: £350,000 Property Value: £350,000 Property Value: £350,000
Interest Rate: 7.99% Interest Rate: 5.25% Interest Rate: 5.74%
Term (Years): 25 Term (Years): 25 Term (Years): 25
Down Payment: 15% Down Payment: 15% Down Payment: 15%
Your Deposit: £52,500 Your Deposit: £52,500 Your Deposit: £52,500
Mortgage Loan: £297,500 Mortgage Loan: £297,500 Mortgage Loan: £297,500
Monthly Payment: £2,294 Monthly Payment: £1,783 Monthly Payment: £1,870

Whatever your priorities, preferences, and budget, we’ll do whatever it takes to source an honest, affordable remortgage package. Compare Halifax remortgage interest rates to those of popular high-street banks by clicking on the bank name below.

Bank Compare Rate
Barclays Barclays remortgages
Halifax Halifax remortgages
HSBC HSBC remortgages
Lloyds Bank Lloyds Bank remortgages
Masthaven Bank Masthaven Bank remortgages
Nationwide Nationwide remortgages
NatWest NatWest remortgages
RBS RBS remortgages
Santander Santander remortgages
Tesco Tesco remortgages
Woolwich Woolwich remortgages
Yorkshire Bank Yorkshire Bank remortgages