14/05/2026
Big news for first-time buyers — and I'm back! 📢
Yes, it's been a little while since I posted (life gets busy in the mortgage world! 😄), but I couldn't stay quiet about this one!!
This monday 18th May, Halifax launches their brand-new £5,000 Deposit Mortgage — and it could be a game-changer for renters who are ready to buy but struggling to save a large deposit.
Here's what you need to know:
✅ Minimum deposit of just £5,000 (your own savings — gifted deposits don't qualify)
✅ Available on properties valued between £102,000 and £300,000
✅ 5-year fixed rate at 5.89% with no product fee
✅ Borrow up to 4.5x your annual income
✅ Terms up to 40 years
✅ Open to both employed and self-employed applicants
✅ At least one applicant must be a first-time buyer
🚫 Not available on new builds, shared ownership, shared equity, Right to Buy, or interest-only mortgages.
