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Halifax are a chain of high street banks in the United Kingdom. Officially a division of the Bank of Scotland (who are owned by Lloyds Banking Group), Halifax are the UK’s biggest seller of residential mortgages and savings accounts. Named after the Yorkshire town, Halifax began as a building society in 1853. Halifax provide a number of different services, including current accounts, loans, ISAs, insurance and investments, though they are perhaps best known for Howard “Who Gives You Extra” Brown, the joyous face of Halifax from 2000-2008. Despite not appearing in a Halifax advert in almost a decade, Howard is synonymous with the brand and arguably their most famous association.
More seriously, Halifax are well known for their mortgages and savings accounts, as suggested by their dominance of the two respective markets in the United Kingdom. This short guide will explain the various services offered by Halifax and a few of the more technical details in an attempt to prepare you for a potential call to Halifax. A good plan before you call Halifax Online Insurance on 0844 770 5605 is to find out and make a note of your account number, sort code and other details that you may need to read out to the member of the Halifax customer service team. This will make the whole process a lot easier, shaving a few extra minutes off your call time as you won’t need to spend time searching for these various details when they’re requested.
Halifax offer a variety of different bank accounts to customers in the United Kingdom, from current accounts to high interest savings accounts.
If you are a Halifax current account owner, you can call Halifax Online Insurance on 0844 770 5605 to solve any issue you may have had with your account. There are a large array of current accounts to choose from when banking with Halifax, each one designed to suit different customers’ needs. If you are switching your account from another bank to Halifax, there are a few things to be aware of.
Halifax are part of the current account switch guarantee group, assuring you of your sanity during the switching process. You set the date, and Halifax will manage the transfer process, moving across any funds in your account. They will also switch across any direct debits associated with your account and are responsible for payments missed due to errors in direct debit switches. If you have been charged due to a missed direct debit payment, you can call Halifax Online Insurance on 0844 770 5605 to report the problem. You should also receive any payments made to your old account for the next 36 months, allowing you to sort out any rent payments or wage slips that are paid into your account.
The standard current account offered by Halifax provides customers with a debit card, the option to add Control to their account for £10 per month, access to internet and mobile banking and 24 hour customer service phone lines, in addition to free mobile text alerts. Control is a tool that helps your account when you go into an unplanned overdraft. Planned overdraft payments are £1 per day up to and including £1999.99, £2 per day from £2000 to £2999.99 and £3 per day when above £3000. If your overdraft is unplanned, the cost is £5 per day regardless of size, or £1 if you pay for the Control service. These figures are accurate for the standard Halifax current account, numbers may be different for other account types. If you need to discuss your overdraft with Halifax, you can call Halifax Online Insurance on 0844 770 5605.
Student current accounts are available to full-time students aged 18 or over. Your planned overdraft is interest free up to £3000 for the entirety of your study, plus an extra year (up to a maximum of 6 years). The 16-17 year old Cardcash account is a current account that provides young adults with a debit card. The 11-15 year old Expresscash account is a similar account, designed for 11-15 year old customers. There are two reward accounts offered by Halifax, the Ultimate Reward account and the Reward account.
The standard Reward account provides customers with a mighty £5 each month that you pay in £750 and pay out at least two direct debits, and stay in credit. If you miss a £5 reward, you can still receive it in future months. There is also a £50 buffer. This account is free. To find out what a buffer is, or to discuss your rewards account, you can call Halifax Online Insurance on 0844 770 5605. The Ultimate Reward account cost £15 per month, or £10 if the lower fee criteria is met. This criteria is the same as qualifying for the £5 each month when using the standard reward account. The rewards you receive are worldwide multi-trip travel insurance for your family, breakdown cover from the AA, mobile phone insurance, emergency home cover and card cancellation.
If you do not qualify for any of the above accounts, you may qualify for the basic account, a current account that provides the important basics: a debit card, internet banking and a place to store your cash. There is no overdraft with the basic account. Currently, if you switch to a rewards account or the standard Halifax current account, you will receive £100 as an added bonus. If you have not received this incentive despite switching, you can call Halifax Online Insurance on 0844 770 5605.
Halifax are well known in the United Kingdom for providing savings accounts and ISAs. ISAs are high interest bank accounts that are “tax-efficient.” For the standard Halifax cash ISA, customers can open an account with only £1 in it, though that may not result in the highest interest payments. This type of ISA is tax free and can be selected as an easy access account or saved for a fixed term. Easy access means you can withdraw money from the account whenever you want; fixed term accounts keep money you’ve paid into them for a set amount of time. You can only pay in a set amount to an ISA each year, currently the figure stands at £15,240 for adult accounts. For ISAs available to under-18 year olds, the figure currently stands at £4080, though bear in mind that these figures are open to change as the clock inevitably ticks away. You can call Halifax Online Insurance on 0844 770 5605 to discuss the process of opening an ISA.
ISAs are available in a variety of forms, including help to buy ISAs, fixed and variable, and stocks and shares ISAs. The help to buy ISA is an account that allows customers to pay up to £200 per month towards their first property purchase. The payment is made through standing order. There is a 25% bonus from the government that is paid when you make a purchase or payment towards a house, up to a maximum of £3000. It is designed for housing purchases up to a maximum value of £250,000 outside of London and £450,000 inside London, which really speaks to the inside/outside capital difference. If you have had an issue with eligibility when it comes to the government bonus, call Halifax Online Insurance on 0844 770 5605 to discuss the issue.
A Halifax stocks and shares ISA is designed to help customers invest and make money. It is described by Halifax as “tax efficient,” meaning you do not pay capital gains tax on any profit. Customers are able to plough their money into any stock that qualifies from the United Kingdom and from six selected international markets. Furthermore, you can invest in bonds, gilts and funds, call Halifax Online Insurance on 0844 770 5605 for further information. There are a number of commission charges that must be paid per trade and per year. You can find out more by visiting the Halifax ISA stocks and shares page.
If you are a first time buyer, you can purchase a mortgage with Halifax that will allow you to jump on the property ladder. You can use the online mortgage calculator to find out how much you are able to borrow and compare any monthly payments. To begin viewing properties, you’ll need to complete an agreement in principle, a document that gives you a rough idea of how much Halifax will loan. An agreement in principle is free and is not an obligation, you can always renege. After having an offer on a property accepted, you will need to speak to a mortgage advisor to continue. You can do so by calling Halifax Online Insurance on 0844 770 5605 or by visiting your local branch of Halifax.
When you have completed your mortgage application with an advisor you’ll need a solicitor or licensed conveyancer. Contracts are then exchanged and you’ll get the keys. This isn’t the end of the process of course, now begins your multiple decade long repayment process. If you have an issue keeping up with your mortgage repayments, don’t hesitate to call Halifax Online Insurance on 0844 770 5605. This is important as your property may be repossessed if you do not make your payments. Contacting Halifax can help you find out what options are available if you are unable to pay your mortgage.
Calling Halifax Online Insurance on 0844 770 5605 to discuss mortgages can also be useful as their advisors will be able to explain the various government schemes available to property moguls, an attempt to make it easier for UK residents to purchase property. You can also receive support if you already have a mortgage but would like to move home. Halifax advise you to take the same steps as first time buyers on their website, you can read them by looking through the paragraph above this one.
Halifax also assist customers hoping to remortgage with Halifax or to become buy-to-let landlords. Calling Halifax Online Insurance on 0844 770 5605 is useful for current and prospective customers alike, their advisors can explain a variety of difficult details in a helpful manner, simplifying the whole mortgage process.
If you would like to apply for a loan with Halifax or apply for a credit card, you can get in touch by calling Halifax Online Insurance on 0844 770 5605. Personal loans are available to customers that have held a Halifax bank account for at least three months, have a mortgage, credit card or already have a Halifax loan. The personal loan can be anything from £1000 to £25,000, though whether your application is accepted is based on your individual circumstances and the amount that you would like to borrow. You can get a quote by calling Halifax Online Insurance on 0844 770 5605 or by heading online and applying through their digital banking service. You are able to manage your loan online, allowing you to see your current repayment plan, your balance and to schedule additional early repayments.
You can apply for a Halifax credit card by visiting their website. According to their website, Halifax offer their best deals online, with available options changing from time to time, preventing us from offering valid information on the different available credit cards without taking the risk that the information could go out of date in the coming weeks. Generally, credit cards with Halifax differ on the interest rates they offer, the added rewards and bonus schemes that they add you to and the period of time that your balance is interest free. Call Halifax Online Insurance on 0844 770 5605 if you have had an issue paying the monthly cost of your owed balance, though please bear in mind that calls to this number are not free. If you need further financial assistance, you can contact the Citizens Advice Bureau for free and impartial financial advice, informing you of your consumer rights and what the best plan of action is should you be unable to pay your credit card balance.
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