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First-time Buyer

Halifax launches 1% cashback for first-time buyers

Joanna Faith
Written By:
Joanna Faith

Those buying their first home could benefit from up to £2,000 cash on completion.

Halifax Intermediaries has launched a 1% cashback offer of up to £2,000 for first-time buyers.

The incentive is available across the lender’s product range, including new build, the affordable housing range and both Government Help to Buy schemes.

First-time buyers taking out a qualifying mortgage via a mortgage broker will receive 1% of their total loan amount up to a maximum of £2,000 as cashback into their bank account within 30 days of their mortgage completing.

Because the affordable housing and Government schemes are within the offer, borrowers can therefore purchase a home with a deposit of just 5% and also receive 1% cashback on the whole mortgage loan up to a maximum of £2,000.

Ian Wilson, head of Halifax Intermediaries, said: “The Halifax is committed to helping more new buyers purchase their first property, and this offer provides practical help with things like moving costs, that we know are important to our customers.

“Halifax Intermediaries aims to offer high quality mortgage products providing genuine value and a consistently high level of service by listening to customer feedback and innovating to meet their evolving needs.”