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Halifax launches 1% cashback offer for first-time buyers

Halifax has launched a 1 per cent cashback offer for first-time buyers.

Borrowers taking out a qualifying mortgage with Halifax will receive 1 per cent of their loan as cashback within 30 days of the loan completing, to a maximum of £2,500.

The offer is available in conjunction with its Help to Buy products and shared ownership products.

Halifax mortgages director Craig McKinlay says: “Giving first-time buyers 1 per cent of their loan amount back when their mortgage completes further underlines our ongoing commitment to first-time buyers and gives practical help with things like moving costs.

“One of Halifax’s key priorities for 2015 is to help more first-time buyers get on the housing ladder, and with this offer Halifax is giving extra cash to help them out at what is an expensive time.”

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