Are you ready to take the next step in your home buying journey? Before you can apply for a mortgage, you need to get an agreement in principle from the same lender. This document will confirm that they will provide you with a mortgage for a specific property. To prove your eligibility, you'll need to provide information about who you are, where you live, and how much you earn. Your mortgage advisor will also ask about your preferences and discuss your needs and circumstances before recommending a mortgage. If you qualify for Savings Boost, Halifax will pay it to an instant-access savings account with your unique name or (if your mortgage is in a joint name) in a joint name with the joint mortgage account holder.
Alternatively, you can designate your own carrier or arrange one through the Halifax Transfer Service during your mortgage appointment. For mortgages requested before this date, the Halifax Standard Variable Rate (SVR) will apply. Once your application has been received and the necessary checks have been carried out, such as valuing the property and confirming your details, the lender will issue a mortgage offer. Our goal is to do so within 30 business days after you have completed your new home purchase and Halifax mortgage. Therefore, you'll need to consider if the incentive available at the start of the mortgage is more important to you than the slightly lower interest rate you could get during the product rate period without the incentive.