Halifax unveils 1% cashback offer

Published on

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.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...

Atom bank breaks Near Prime record

Atom bank has reported another record-breaking month for Near Prime activity. Over the course of...

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Other news

Lenders must step up on high LTV products

Things are on the up for borrowers with a smaller deposit. The financial information...

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...