Halifax (Lloyds) Mortgage Calculator
Estimate your monthly Halifax (Lloyds) mortgage payment at current rates. Free, no signup.
fin·calc is an independent, unaffiliated calculator — not endorsed by, sponsored by, or affiliated with Halifax (Lloyds). "Halifax (Lloyds)" is used only to describe typical rates and terms; confirm actual terms directly with the bank.
Halifax (Lloyds) mortgage rate
| Lender | Typical rate | Max term |
|---|---|---|
| Halifax (Lloyds) | 4.50% p.a. | up to 25 years |
Reference 2026; BoE base 3.75%. Your rate depends on your profile and deposit — verify with the bank.
Worked example
Example: £300,000 Halifax (Lloyds) mortgage at 4.50% for 25 years.
- Monthly payment: £1,667
- Total interest: £200,249
- Total payable: £500,249
Frequently Asked Questions
What is the Halifax (Lloyds) mortgage rate?
Halifax (Lloyds) mortgage rates are around 4.50% p.a. as a 2026 reference. Reference 2026; BoE base 3.75%. Your exact rate depends on your profile and deposit.
How is the Halifax (Lloyds) monthly payment calculated?
Using the reducing-balance formula on the financed amount. Enter your amount, rate and term in the calculator above.
How much deposit do I need?
A larger deposit lowers your rate and total cost. Most lenders also add valuation, legal and registration fees on top of the deposit.
Can I reduce the total cost?
Yes — a bigger deposit, shorter term, and extra/early repayments all cut total interest. Check for any early-repayment charges first.
Halifax mortgage rates in 2026: how they compare to Base Rate
Halifax shows its live fixed rates through the rate checker on its own site (check there for today's deals); as an illustration, this page uses a 2-year fixed purchase rate of 4.70% for borrowers at 60% LTV. Halifax's Homeowner Variable Rate and Standard Variable Rate were adjusted down to 7.24% from 1 February 2026 following the Bank of England's Base Rate cut to 3.75% on 18 December 2025 — but its fixed-rate deals sit roughly one percentage point above the current Base Rate rather than tracking it directly.
Worked example: £250,000 over 25 years at 4.70%
r = 0.047/12 = 0.0039167, n = 300, (1+r)n ≈ 3.230720.
M ≈ £1,418.11 per month. Total repaid ≈ £425,434; total interest ≈ £175,434.
Frequently Asked Questions
What is Halifax's cheapest 2-year fixed mortgage rate?
Check the Halifax site for its lowest current 2-year fixed purchase rate, which varies by LTV and changes frequently.
Did Halifax's rates change after the Bank of England Base Rate cut in December 2025?
Halifax's variable-rate mortgages fell in line with the 0.25 point Base Rate cut to 3.75% from 1 February 2026. Its fixed-rate deals are set separately, based on swap rates and competitive positioning.
How much would a £250,000 Halifax mortgage cost per month?
At an illustrative 4.70% fixed rate over a 25-year term, a £250,000 repayment mortgage works out to roughly £1,418 per month, before any product fee.
Halifax's no-deposit route: the Family Boost mortgage
Halifax's Family Boost mortgage lets a first-time buyer purchase a home in England or Wales worth up to £500,000 with no deposit of their own. Instead, a family member places 10% of the purchase price into a dedicated 3-year Family Boost Fixed Savings Account, which is held as security while the buyer takes a 95–100% loan-to-value, 3-year fixed-rate repayment mortgage. Provided the buyer doesn't miss a payment over the three years, the family member gets their savings back in full, plus the interest earned. Both the buyer and the family member need to hold a Halifax Reward or Ultimate Reward current account before applying.
Overpayments and how to escalate a complaint with Halifax
Halifax's own terms state that, where an early repayment charge applies, customers "can make overpayments of up to 10% of the amount owed as of 01 January" each calendar year without a charge; anything paid above that limit in the same year can trigger an ERC on the excess. For complaints, Halifax targets an initial update within 5 working days, a progress update by 4 weeks, and a final response within 8 weeks (15 days, extendable to 35, for payment-related issues). If a customer isn't satisfied with the outcome, Halifax's own complaints page directs them to the Financial Ombudsman Service, a free service reachable on 0800 023 4 567 or via financial-ombudsman.org.uk.
Frequently Asked Questions
Can I get a Halifax mortgage with no deposit of my own?
Yes, through Halifax's Family Boost mortgage — a family member secures 10% of the purchase price in a 3-year fixed savings account instead of the buyer providing a cash deposit, on homes up to £500,000 in England or Wales.
Related calculators
Sources
- Halifax, Compare our mortgage rates and deals (accessed 15 October 2026)
- Halifax, Bank of England base rate changes & your mortgage, accessed September 2026
- Halifax, Family Boost Mortgage — No Borrower Deposit, accessed September 2026
- Halifax, Early repayment charges (overpayment allowance), accessed September 2026
- Halifax, Complaints and the Financial Ombudsman Service, accessed September 2026