Halifax is offering to refund a year’s insurance premium for first-time buyers when they purchase a new property and take out a Halifax Home Solutions insurance policy.
The full comprehensive policy includes unlimited buildings and contents cover and is available to first-time buyers who apply for selected mortgages between July 8 and August 18. The refund will be paid directly into the account from which mortgage payments are made within 60 days of the mortgage start date. To qualify, the home insurance application must be submitted at the same time as the mortgage application.
Customers who have or open a Halifax current account will also receive £150 cash back, payable to the customer’s conveyancer on completion.
Craig McKinlay, mortgage director at Halifax, said: “Upfront costs when purchasing a new property can add up and First Time Buyers often fail to account for the cost of home insurance when planning the finances for their new home, so we’re delighted to be able to make their lives easier and provide the added peace of mind that their home is fully protected.”
