View more on these topics

Halifax scales back high value Premier team

Halifax-Bank-Branch-Building-700x450.jpg

Halifax has scaled back its high value Premier team and has increased the threshold it will accept from £350,000 to £500,000.

The original Premier team had 35 members, based in London.

Halifax will now process applications in its new business team in Edinburgh, but has kept a four-strong team in London to handle pre-applications.

A Halifax spokeswoman says: “As part of our ongoing commitment to the mortgage market, we regularly review and adapt our processes in order to best meet the changing needs of our customers.

“As a result of this review, the threshold for our Premier Mortgage Services cases has moved from £350,000 to £500,000 to reflect the service needs of this customer segment.”

The maximum size of case the team will handle is £5m.

Halifax set its former £350,000 threshold in November 2015, up from £300,000.

Recommended

House prices dip slightly in 3 months to July: Halifax

House prices in the three months to July fell by 0.2 per cent, the latest Halifax index has found. The decline in prices was the fourth successive quarterly fall, the first time this has been the case since November 2012. However, house prices are on the up on both a monthly and yearly basis, rising […]

piggy, money, cash

House prices nudge down in June: Halifax

House prices fell 1 per cent in June, according to Halifax’s latest house price index. The lender’s seasonally-adjusted figures show the average house is now worth £218,390. June’s house prices were up 2.6 per cent year-on-year. Property prices fell 0.1 per cent in the three months to June. Halifax housing economist Martin Ellis says: “Although […]

Halifax to offer £500 cashback to mortgage customers

Halifax Intermediaries is offering first-time buyers, homemovers and remortgage customers £500 cashback on qualifying mortgages from Monday 3 July. The cashback will be paid automatically on completion and sent to the conveyancer with the completion funds. Free basic legal fees and standard valuation costs are also available for remortgage customers. Halifax Intermediaries head Ian Wilson […]

Busy month for mortgage lending in June: UK Finance

The latest mortgage lending figures from UK Finance have found that levels of first-time buyer activity rose significantly in June, up 26 per cent month-on-month. FTB borrows borrowed £5.9bn in June this year, up 9 per cent on the total for June 2016, on a non-seasonally adjusted basis, and equating to 36,000 loans, up 22 […]

Newsletter

News and expert analysis straight to your inbox

Sign up