Good news for first-time buyers
By |Published On: 5th May 2015|

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Good news for first-time buyers

By |Published On: 5th May 2015|

This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.

First-time buyers have been buoyed by the announcement of a new initiative from the Halifax.

The banking chain has revealed that it is to offer 1% cashback to first time buyers across their product range. Therefore, all would-be homeowners taking out a approved mortgage from the Halifax will receive 1% of their loan back into their bank account within 30 days of opening their account.

More good news came with the news that the cashback will be available in conjunction with all Help to Buy products. This means that lenders can buy a property with a 5% deposit and still receive 1% cashback on the total mortgage cost.


Craig McKinlay, mortgages director at the Halifax, believes that the announcement shows the organisations support for first-time buyers. McKinlay commented that, ‘giving first-time buyers 1% of their loan amount back when their mortgage completes further underlines our ongoing commitment to first-time buyers and gives practical help with things like moving costs.’[1]

Good news for first-time buyers

Good news for first-time buyers

Mr McKinlay continued by saying that, ‘one of Halifax’s key priorities for 2015 is to help more first-time buyers get on the housing ladder and with this offer Halifax is giving extra cash to help them out at what is an expensive time.’[2]





About the Author: Em Morley (she/they)

Em is the Content Marketing Manager for Just Landlords, with over five years of experience writing for insurance and property websites. Together with the knowledge and expertise of the Just Landlords underwriting team, Em aims to provide those in the property industry with helpful resources. When she’s not at her computer researching and writing property and insurance guides, you’ll find her exploring the British countryside, searching for geocaches.

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