New £500 cashback deal for first time buyers at Halifax

From today (9 March), the cashback offer is available to all first-time buyers and homemovers who apply for a qualifying mortgage between 9 March and 3 May 2015. The £500 will be paid as cashback to customers through their conveyancer when the mortgage completes.

In addition, the rates on the four year fixed rate product transfer range, and the five year fixed range for first-time buyers, homemovers and remortgage customers have been reduced by up to 0.25%

Halifax also announced rate changes which include:

Five-year fixed rate products for first-time buyers, homemovers and remortgage customers:

    0-60% LTV 5 year fixed rate products have been reduced by 0.25% with rates from 2.59% (£495 fee)
    60-75% LTV 5 year fixed rate products have been reduced by 0.15% with rates from 3.34% (£495 fee)

Product Transfer Rate reduction:

    0-60% LTV 4 year fixed rate product transfers have been reduced by 0.25% with rates from 2.84% (No fee)
    60-75% LTV 4 year fixed rate product transfers have been reduced by 0.15% with rates from 3.29% (No fee)

Craig McKinlay, Mortgage Director at Halifax, said:“Halifax is committed to helping Britain prosper and ensuring we provide competitive products and great service to our customers. The extra costs included in buying a home or moving house can mount up. That is why we’re helping first-time buyers and homemovers with £500 cashback when they complete their mortgage with us and also reducing the rates across our five year product range.”