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Halifax offers council tax help to homemovers and FTBs

Halifax, the UK's largest mortgage lender, today announces the launch of a new offer available on all products for homemovers and first time buyers (FTBs).

Designed to help with the costs of buying a new home, the unique offer will pay half of the first year's council tax bill, up to a maximum of £1,000.

The average council tax bill in Great Britain has increased by 120% over the past 13 years, from £529 in 1996-97 to £1,161 for the current financial year (2009-10). This is significantly higher than either the 39% rise in the headline rate of the Retail Price Index, or the 63% growth in average earnings, over the same period.

The council tax offer is available from 20th April 2009.

The key features of the offer are:

• Halifax will pay half (50%) of the first annual council tax bill, up to a maximum of £1,000
• The offer is available on all Halifax Homemover Mortgages and within the FTB Choices range
• Available from 20th April 2009 until 23rd May 2009
• Council tax will be paid directly to the customer's local council
• 3 year fixed rates in Halifax HomeBuyer Mortgages start from 4.15%
• Available through Halifax directly in branch, online or by phone
• Free purchase conveyancing with all Homemover Mortgages

All homemovers can continue to benefit from free purchasing conveyancing when the customer holds a current account with Halifax. This could lead to an average saving of £400.

Jaedon Green, head of mortgage development at Halifax, said: "We are committed to helping make moving easier for both homemovers and first time buyers. Council tax is one the largest monthly outgoings from a household budget and our new offer has been specifically designed to give a helping hand."

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