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Halifax ups cashback to £750 and eases self-employed criteria

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  • 02/10/2017
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Halifax ups cashback to £750 and eases self-employed criteria
Halifax has increased its cashback offer to £750 on mortgages for customers who apply directly to the bank.

The lender said it was offering first-time buyers, homemovers and remortgage customers £750 cashback on qualifying mortgages from today – but this excludes application through Halifax for Intermediaries.

Free basic legal fees and standard valuation costs will also be paid by the bank to remortgage customers.

Halifax mortgages director Richard Washington said: “Our latest cashback offer supports customers at this expensive time and helps those remortgaging with any unexpected costs.”

 

Self-employed

Halifax has also cut the income evidence it will require from self-employed mortgage applicants. From today the lender will only ask for two years income information instead of three years.

For those who have been self-employed for less than two years but at least one full year, Halifax said it would continue to consider applications and they would be referred to an underwriter for review.

Halifax Intermediaries head Ian Wilson (pictured) said: “There are almost five million self-employed workers in the UK and almost 40% of employment growth has come from the self-employed or small business owners over the last decade.

“Adapting our policy to support self-employed people is part of our ongoing commitment to making it easier for brokers to do business with this key market segment.”

Applications started before 2 October will continue to require three years’ income details.

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