Halifax Intermediaries has launched a 1% cashback offer of up to £2,500 for first-time buyers across the product range, including Affordable Housing, New Build and Help to Buy products.

First-time buyers 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 with just a 5% deposit and also receive 1% cashback on the whole mortgage balance.

Ian Wilson, head of Halifax Intermediaries, said: “Halifax is committed to help more first-time buyers get on the housing ladder, and this is a genuine offer which provides practical help with things like moving costs.

“Halifax Intermediaries aims to provide quality mortgage products which provide genuine value and a consistently high level of service, through innovations such as this and also our Service Excellence Programme.”