In the competing industry of banking, Halifax bank stands as the largest provider of mortgages and savings accounts. Although the bank offers other banking products and facilities but there is a large range of mortgages and savings accounts.  This bank is a division of the Bank of Scotland and thus follows the same policies, procedures and core values as at the Bank of Scotland.

Mortgages are available at varying rates for different purposes from which you can choose one according to your affordability. You can follow the step by step process of choosing and applying for a mortgage with the bank. You can also select the amount of repayment installment; one that suits your budget. Choose for suitable tenures of mortgage varying from a period of two years to ten years. You can use the mortgage offered at Halifax Bank to purchase a home or rebuild a house. An existing mortgage can be re-mortgaged on flexible and lower rates for your convenience.

Avail special features that come with the mortgage facility, like making excess payments or prepayments within the first year at zero cost or penalty. Also you can opt to make less payment than the payment due in a given month if your budget does not allow you to do so. You can even take a payment holiday from the regular payments with the bank’s payment holiday option. Save your money by opting for the daily basis interest calculation option. The bank also extends loans to homeowners against the security of their home. Homeowners can then use this loan to meet their financial needs.

The Halifax Bank cares for its existing customers in a very special way by offering them second time mortgages on flexible terms and conditions and appealing benefits. Existing customers are not required to pay any additional fees for a second mortgage neither are they required to sign any additional documents. You can opt to purchase a property and further let it through the buy to let mortgage.

There are several types of bank accounts being offered at Halifax, lets take a glance at each of these accounts.

1. High Interest current account and the Ultimate reward current account
These accounts require minimal balance for account opening and they are also charged for a monthly service charge if the balance amount is not maintained. The bank also pays out a credit interest on monthly basis on these types of current accounts. Also insurance products are included in the accounts package and these clients are also offered with overdraft facility. These are targeted for customers who can hold high deposits with the bank.

2. Basic current account: is meant for day to day transactional banking with Halifax Bank and does not require any minimum balance requirement. Monthly interest is also paid out on these accounts.

3. Student current account is there to facilitate students and their savings. The unique feature of this student account is that it extends overdraft facility also.
All the above discussed accounts come with the facility of a visa debit card, and there is a fourth one which does not include this facility.

4. Easy cash: is a facility for customers who do not wish to avail any credit facility. In other words it is a basic banking account where no credit interest is payable on account balance. Instead of a visa debit card customers are facilitated with an electron card which can be used for retail shopping and cash back. 

Customers can manage their accounts using the phone banking facility and keeping them updated about their account information. With its range of mortgages and current accounts, the Halifax Bank can be entitled as one big provider of mortgages and accounts in the banking industry.