About Halifax Loans & Mortgages!

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Are you searching for a Halifax loan or Halifax mortgage. As Loan Seeker is not connected to Halifax, we are not tied to the Halifax loans and mortgages lender. Consequently, this page is only intended as an introduction to Halifax loan products.

About The Halifax

Halifax PLC is a commercial bank in the UK. Prior to the re-regulations of 1997, it was the UK's largest building society. Resisting pressure for demutualization through the 1990s, eventually it was taken public. Halifax is the largest provider of residential mortgages in the UK, focusing on providing financial services to homeowners.

The original Halifax Building Society was formed in Halifax in 1853. Its original purpose, like all Building Societies of the time, was to pool savings and resources to allow working class people to buy their own homes with affordable loans, while drawing investors in with interest rates. Because building societies are not beholden to shareholders, they can offer competitive rates on both loans and investments.

The Halifax Permanent Building Society eschewed the merger mania of the 19th century, and expanded across the UK organically, by opening branches. By 1913, it was the largest building society in the UK, mostly serving rural markets, with branches opening in London and Scotland in the 1920s.

In the late 1920s, the Halifax Permanent Building Society merged with the Halifax Equitable Building Society; the joint company was renamed the Halifax Building Society and was five times the size of its nearest competitor. Throughout the 20th century, the Society grew in size, diversifying as the regulatory environment allowed, branching into credit cards and other services offered by commercial banks. The Halifax merged with Leeds Permanent Building Society and demutualized into a public limited company in the mid 1990s. After demutualization, Halifax PLC accepted a consolidation offer worth nearly £11 billion to form the Halifax Bank of Scotland (HBOS) group. Halifax PLC has been cited as the best overall lender for five years running by industry monitoring groups.

Halifax Loans and Mortgages

Halifax offers both secured and unsecured lending. Unsecured Halifax loans typically have repayment terms of 2 to 7 years, and can be taken for any amount between £1,000 and £25,000, assuming your credit rating matches.

Typical interest rates for a fixed Halifax loan range from 10% to as low as 6.9% for long term loans of sums in excess of £7,000 or so. Like most modern banking institutions, Hlifax provide online loan calculators to let you balance the money you need with the interest payments you can afford. You can also purchase payment protection insurance for a modest fee. There are also special packages for existing Halifax loan customers, allowing them to extend their existing loan by taking out more funds on the existing term and interest rate.

For larger sums, customers can apply for a Halifax secured loan in amounts ranging from £5,000 to £100,000, and possibly more if your property is particularly valuable. As with any loan secured by your home, make sure you're taking it out for sound financial reasons, such as home improvement or debt consolidation. As a debt consolidation tool, secured loans are excellent vehicles for reducing your monthly payments.

Halifax Bank and Loan-Seeker.co.uk

Loan-Seeker.co.uk is not associated with the Halifax and does not specifically promote Halifax loans or Halifax mortgages. Loan.Seeker.co.uk also does not work for the Halifax although we may at any time choose to introduce visitors to our site to the following Halifax loan and/or Halifax mortgage products:

As the Halifax can only ever offer you Halifax loans and mortgages, you cannot be sure that you will get the best deal. However, if you specifically want a loan from the Halifax, you should visit their official website here: www.halifax.co.uk.