Halifax has launched a new £500 cashback offer for first-time buyers and homemovers.
The offer will be available to all who apply between 9 March and 3 May. The £500 will be paid as cashback to customers through their conveyancer when the mortgage completes.
Halifax has also announced changes to its four-year fixed rate product transfer range, and the five-year fixed range for first-time buyers, homemovers and remortgage customers. The lender has cut rates on products in those ranges by up to 0.25 percentage points.
The changes include:
Five-year fixed rate products for first-time buyers, homemovers and remortgage customers:
- 0-60 per cent loan-to-value (LTV) five-year fixed rate products have been reduced by 0.25 percentage points with rates from 2.59 per cent and £495 fee
- 60-75 per cent LTV five-year fixed rate products have been reduced by 0.15 percentage points with rates from 3.34 per cent and £495 fee
Product Transfer Rate reduction:
- 0-60 per cent LTV four-year fixed rate product transfers have been cut by 0.25 percentage points with rates from 2.84 per cent and no fees
- 60-75 per cent LTV four-year fixed rate product transfers have been lowered by 0.15 percentage points with rates from 3.29 per cent and no fees
