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Halifax offers £500 cashback to homebuyers

8th May 2014 Print

Halifax has launched a new offer designed to help first time buyers and homemovers with the costs of buying their home by providing £500 cashback and no product fees on selected 2, and 5 year fixed rate products.

Available now, the cashback will be available to borrowers applying for a Halifax mortgage when buying their first home or moving home and will be paid via their solicitor or conveyancer upon completion.
 
Current Halifax first time buyer mortgages include:

75% LTV 2 year fixed rate at 3.14% with no fee
80% LTV 2 year fixed rate at 3.54% with no fee
90% LTV 2 year fixed rate at 5.39% with no fee
95% LTV 2 year fixed rate at 5.59% with no fee
 
Current Halifax homemover mortgages include:

60% LTV 2 year fixed rate at 2.64% with no fee
75% LTV 2 year fixed rate at 3.14% with no fee
80% LTV 2 year fixed rate at 3.54% with no fee
 
Craig McKinlay, mortgages director at Halifax, said: “First time buyers and homemovers each play a key role in ensuring the strength of the property market and we are committed to helping these buyers take their first and next steps on the ladder. We are continuing to provide products that offer added value, including through initiatives such as the £500 cashback.”
 
Homemovers and first time buyers also benefit from Halifax’s Valuation Fee Promise. The Promise means that if a customer’s house purchase falls through and they go on to start a new Halifax mortgage on a different property, Halifax will refund the first valuation that it was paid for, sending the refund to the customer after the mortgage has completed.