The Halifax has launched a 1% cashback offer for first time buyers and home movers, including with affordable housing and new build products up to the value of £2,000.
First time buyers and home movers taking out a qualifying mortgage will receive payment of 1% of their loan as cashback into their bank account within 30 days of their mortgage completing.
The offer is available in conjunction with Help to Buy products, which means borrowers can purchase a home from a minimum of 5% deposit and also receive 1% cashback on the whole mortgage balance.
Craig McKinlay, mortgages director at the Halifax, said: “Giving first time buyers 1% of their loan amount back when they complete on their mortgage shows our ongoing commitment to first time buyers and gives practical help with things like moving costs.
“One of the Halifax’s key priorities is to help more first time buyers get on the property ladder, and with this offer the Halifax is giving extra cash to help them out at what is an expensive time.”