Halifax Intermediaries is offering first-time buyers £500 cashback on selected deals and cutting rates in the range from Monday.
The cashback will be available on completion, sent to the conveyancer with completion funds.
Rates available for first-time buyer products at 85-90% loan-to-value (LTV) with £500 cashback include 1.79% with a £1,499 fee, 1.84% with a £999 fee and 2.24% fee-free.
Cuts of up to 0.30% will be made to Halifax’s two-year fix and by 0.10% on five-year fixed selected mortgage products.
Ian Wilson, head of Halifax Intermediaries, said: “We are committed to helping one in four first-time buyers take their first step onto the property ladder, and through adapting our product range we’re not only aiming to meet their needs, but continually developing ways to offer extra to customers.”
This is great news. A little money to help with legal costs.