Halifax offers FTBs 1% cashback

First-time buyers taking out a qualifying mortgage with Halifax 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.

Craig McKinlay, mortgages director, Halifax, commented: “Giving first-time buyers 1% 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.”