"We are committed to supporting first time buyers on to the property ladder, and this new offer will go that extra way to help during what can be an expensive time."
The offer is also available through Halifax Intermediaries for first-time buyers. The cashback will be paid automatically on completion and sent to the conveyancer.
In June, Halifax Intermediaries also cut rates across its first time buyer mortgage range.
The rate reductions apply to its two-year and five-year 90% LTV first time buyer mortgage, which was cut by 0.30% and now starts at 3.19%. This includes Affordable Housing Shared Equity/Shared Ownership products.
Chris Gowland, Mortgages Director at Halifax, said: “We are committed to supporting first time buyers on to the property ladder, and this new offer will go that extra way to help during what can be an expensive time. For home movers and those who are remortgaging this offer will also provide a healthy boost to their bank balances.”
