View more on these topics

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.”



GDP growth is disappointing but experts are still confident

The UK economy grew by just 0.3 per cent in the first quarter of 2015 – the worst reading since Q4 2012. GDP was expected to grow by 0.5 per cent and is down slightly on the previous quarter’s 0.6 per cent rise. Despite the weaker-than-expected figures, experts believe the economy is still heading in […]


Metro Bank to launch retention range in coming months

Metro Bank will launch a range of retention products within the coming months. A spokeswoman could not confirm whether proc fees will be paid on its retention range, although Mortgage Strategy has heard from brokers who say BDMs have told them they will be paid for these cases. The spokeswoman says: “We can confirm that […]


Leader: Revisit broker registration

Failing to introduce a system of individual registration – a publicly available register of people authorised to work in the mortgage industry – was one of the regulator’s biggest mistakes. The FCA’s predecessor, the Financial Services Authority, promised to introduce such a system in the first Mortgage Market Review paper in 2009. But this was […]


TFC Homeloans hires Payne as managing director

Nigel Payne has joined specialist distributor TFC Homeloans as its managing director. Payne has 25 years’ experience in the mortgage market and has previously been MD of The Mortgage Business, BM Solutions and Assurant Intermediary. For the past two years he has acted as a consultant and held a number of non-executive director positions. He […]


News and expert analysis straight to your inbox

Sign up

Why register with Mortgage Strategy?

Mortgage Strategy continues to be the market-leading B2B mortgage publication in the UK, and provides trusted, independent insight with the aim of helping, promoting and analysing the latest developments for mortgage professionals.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Mortgage Strategy Events
Be the first to hear about our industry leading conferences, awards, webinars and more.

Research and insight
Take part in and see the results of Mortgage Strategy's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now