The First Halifax Mortgage

First Halifax Mortgage, 1853 (detail)

First Halifax Mortgage, 1853 (detail)

The first Halifax mortgage was taken out by Esau Hanson, on 26th May 1853. Hanson was also a member of the Society's board of directors, and one of 11 men who attended its first formal meeting at the Old Cock Inn. 

The mortgage was for £121 – about £7,000 today. It enabled Hanson to buy a plot of land on which he built two houses. The loan was paid off at a rate of £13 a year, over 13 years. Interest was charged at 5%. 

By an amazing coincidence, this piece of land now forms part of the present Halifax Head Office at Trinity Road. 

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