Halifax Mortgages

Halifax originated as a building society in 1852. Building societies were mutual organizations owned by their members, which often focused on providing savings and mortgages. They are now part of the Lloyds Banking group, one of the largest financial services groups in the UK. Read more about Halifax lending criteria

Self-Employed: Sole Traders 

Halifax lends to self-employed sole traders. To qualify for a mortgage, you'll typically need to provide at least two years of tax returns and accounts. These documents will help assess your income stability and financial health. It's important to note that the specific requirements may vary depending on individual circumstances. Read more about Mortgages for Sole Traders

Self-Employed: Limited Company Directors 

Halifax also offers mortgage options for self-employed limited company directors. In general, you'll need to provide at least two years of company accounts and personal tax returns. The lender will assess your income based on both your salary and dividend payments. Read more about Mortgages for limited company directors

IT Contractors 

IT contractors can often qualify for mortgages through Halifax. The lender will typically require at least two years of tax returns and accounts to verify your income. But they may also consider your employment contract history. It's advisable to have a consistent income history to increase your chances of approval. Read more about Mortgages for  IT Contractors

How Much Will Halifax Lend? 

The amount Halifax will lend depends on various factors, including your income, credit history, and the deposit available. As a general rule, lenders typically offer mortgage loans up to a certain multiple of your annual income. The multiples apply to your provable annual income and start at about 4.5 x's your annual income. However, this can vary based on individual circumstances. 

First-Time Buyers: 

Halifax often participates in government-backed schemes designed to help first-time buyers get on the property ladder. These schemes may include Help to Buy, Shared Ownership 

First Time Buyer Boost: This incentive may allow you to take a larger mortgage. You will need to have at least a 10% deposit and the total income on the application must be at least £50,000. This promotion does NOT apply to self employed applicants. Contact us to find out more

Halifax Joint Borrower Sole Proprietor 

This type of mortgage may be able to help applicants who are struggling with affordability 

Halifax DONT offer Joint Borrower Sole proprietor mortgages. 

Read more about Joint Borrower Sole Proprietor mortgages here

Halifax Let to Buy

Halifax may consider a Mortgage application on a new residential property. Halifax will require that any existing mortgage is self financing and that the mortgage is suitable for let properties. You will need a letter from an ARLA registered letting agent confirming the expected rental income.

Halifax Interest only

An interest only mortgage means that the borrower is only paying the mortgage interest back to the lender. Interest only is only appropriate in certain limited situations. You will need to have a repayment method. Halifax will consider an interest only mortgage application. You may be able to borrow up to 75% on interest only with any additional borrowing taken on capital and interest.

Acceptable repayment methods will include Sale of Mortgage Property, Sale of other Residential Property and Bonus income. Other repayment methods include stocks and shares, endowments, company pensions and cash.

The term of the mortgage must not go beyond age 70

Halifax Expatriate Mortgages

Halifax does not currently accept Mortgage applications from Expatriates who are living abroad. However we are able to help in many cases with other lenders. Please read more under Mortgages for Expatriates

The information provided on this site is provided for information only. You should NOT rely on the information. We recommend you contact us to discuss any new mortgage enquiry