This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Cookie Policy. Read more

Compare Halifax Loans

Details sort by initial rateLenderInitial rate Rate type Overall cost for comparisonMax LTVProduct feeMonthly cost Enquire
Initial rate: 0.92%
Rate type: Fixed 27 months
Monthly cost: £559.89 per month
Max LTV: 60%
Product fee: £999
Overall cost for comparison: 3.2% APRC
Barclays Mortgage logo 0.92% Fixed 27 months 3.2% APRC 60% £999 £559.89 per month get quotes Call us0117 403 4474 Broker Only Deal
Initial rate: 0.92%
Rate type: Fixed 27 months
Monthly cost: £559.89 per month
Max LTV: 60%
Product fee: £995
Overall cost for comparison: 3.2% APRC
NatWest logo 0.92% Fixed 27 months 3.2% APRC 60% £995 £559.89 per month get quotes Call direct0800 068 8567
Initial rate: 0.92%
Rate type: Fixed 27 months
Monthly cost: £559.89 per month
Max LTV: 60%
Product fee: £995
Overall cost for comparison: 3.2% APRC
NatWest Int Sols logo 0.92% Fixed 27 months 3.2% APRC 60% £995 £559.89 per month get quotes Call us0117 403 4474 Broker Only Deal
Initial rate: 0.92%
Rate type: Fixed 26 months
Monthly cost: £559.89 per month
Max LTV: 60%
Product fee: £1,499
Overall cost for comparison: 3.9% APRC
Platform logo 0.92% Fixed 26 months 3.9% APRC 60% £1,499 £559.89 per month get quotes Call us0117 403 4474
Initial rate: 0.92%
Rate type: Fixed 27 months
Monthly cost: £559.89 per month
Max LTV: 60%
Product fee: £995
Overall cost for comparison: 3.2% APRC
Royal Bank of Scotland logo 0.92% Fixed 27 months 3.2% APRC 60% £995 £559.89 per month get quotes Call direct0800 068 7706
Initial rate: 0.94%
Rate type: Fixed 27 months
Monthly cost: £561.24 per month
Max LTV: 60%
Product fee: £999
Overall cost for comparison: 3.2% APRC
HSBC logo 0.94% Fixed 27 months 3.2% APRC 60% £999 £561.24 per month get quotes Call us0117 403 4474
Initial rate: 0.94%
Rate type: Fixed 24 months
Monthly cost: £561.24 per month
Max LTV: 60%
Product fee: £999
Overall cost for comparison: 3.3% APRC
Nationwide BS logo 0.94% Fixed 24 months 3.3% APRC 60% £999 £561.24 per month get quotes Call us0117 403 4474 Broker Only Deal
Initial rate: 0.94%
Rate type: Fixed 27 months
Monthly cost: £561.24 per month
Max LTV: 60%
Product fee: £995
Overall cost for comparison: 3.2% APRC
NatWest logo 0.94% Fixed 27 months 3.2% APRC 60% £995 £561.24 per month get quotes Call direct0800 068 8567
Initial rate: 0.94%
Rate type: Fixed 27 months
Monthly cost: £561.24 per month
Max LTV: 60%
Product fee: £995
Overall cost for comparison: 3.2% APRC
NatWest Int Sols logo 0.94% Fixed 27 months 3.2% APRC 60% £995 £561.24 per month get quotes Call us0117 403 4474 Broker Only Deal
Initial rate: 0.94%
Rate type: Fixed 27 months
Monthly cost: £561.24 per month
Max LTV: 60%
Product fee: £995
Overall cost for comparison: 3.2% APRC
Royal Bank of Scotland logo 0.94% Fixed 27 months 3.2% APRC 60% £995 £561.24 per month get quotes Call direct0800 068 7706
12345678910...

Representative Example:

A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.

 

The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).

 

In this example the overall cost for comparison is 3.7% APRC representative.

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

Halifax Loans

Compare Halifax loans

Halifax is a trading division of Bank of Scotland which is, in turn, a subsidiary of Lloyds Banking Group. Halifax offers a few different options when it comes to borrowing, with their personal loans being one of their core financial products.

Personal loans, also known as unsecured loans, are just one type of borrowing you can use. Depending on your requirements and financial circumstances, you may also want to consider trying to extend the overdraft on your current account, taking out a credit card or applying for a secured loan.

If you do decide to go ahead with a personal loan, you need to make sure you understand exactly what this involves.

Personal Loans

Halifax personal loans

Personal, unsecured loans are not tied to an asset, such as your house. This means you can usually not borrow as much as with a secured loan and the loan will normally have to be repaid sooner.

Advantages of Halifax personal loans

  • Borrow from £1,000 to £50,000
  • Repay over 1-7 years
  • Pay a fixed rate of interest for the lifetime of the loan
  • Existing Halifax customers who apply online can receive funds within minutes if their application is successful
  • You can pay off your loan early, although this may incur a fee of up to 58 days interest (capped at £100)

Restrictions on Halifax personal loans

  • You must be over 18
  • You must be a UK resident (not including the Channel Islands and Isle of Man)
  • You must be in paid employment or have a regular income
  • You must be a Halifax current account holder, or else have a mortgage, credit card or existing loan with the bank
  • If you do not stay on top of the agreed repayments, it could damage your credit rating
  • Falling into arrears with your repayments means you risk the bank asking a county court to appoint a bailiff to recover the debt

Borrow more with a secured loan

For borrowing larger sums or when the money is needed over a longer period, a secured loan can be a better choice. Secured loans usually start from around £25,000 and can often be paid back over as much as 25 years. You may also get a better interest rate on a secured loan than for unsecured borrowing, although this depends on a number of factors.

Because a secured loan is tied to the market value of the asset it is secured against, this will determined how much you can borrow. It’s also important to understand that, if you fail to keep on top of repaying the loan, you may be required to sell the asset to repay your debt.

To find the best deals on secured loans, head over to our secured loan calculator.

Need to borrow more than £25k?

When you need to borrow a larger amount, getting a good deal on your loan can make a really significant difference to the amount you end up repaying. Knowing how to get the best value can be hard, especially when there are so many different lenders and types of loans to choose from.

Our specialist loan advisors can help you get the best deal on borrowing over £25,000 for improvements to a property you own. To get personalised advice on secured loans for property improvements, call Fair Mortgages on 0117 313 7780 or use our contact form to get in touch.

house icon