Halifax Intermediaries is to give £500 cashback to first-time buyers, homemovers and remortgage customers on qualifying mortgages.
Available from Monday, 3 July, the cashback will be paid automatically on completion and sent to the conveyancer with the completion funds.
Remortgage customers can also benefit from having their basic legal fees and standard valuation costs paid for by the bank.
Ian Wilson, head of Halifax Intermediaries, said: “The costs involved in buying, moving home or remortgaging can be significant, during what can be a stressful time. With our latest cashback offer we’re looking to help borrowers with some of these costs.”
Michelle Lawson, director at Hampshire-based Lawson Financial, commented: “For me, when they do these kind of things it is a bit of an also-ran. Halifax are not brilliantly priced; they don’t often come top of the list on sourcing – if they did, it would be fantastic.
“It is only any good if it fits the client’s criteria. A lot of lenders are doing cashback now.”
She also pointed out that Halifax offered £1,000 cashback to qualifying first-time buyers and home-movers in May this year.
simon.allin@ft.com
