Halifax has launched a 1% cashback offer across its first-time buyer mortgages range.
The cashback deal is available on its Affordable Housing, New Build and Help to Buy products.
First-time buyers taking out a qualifying mortgage with Halifax will receive payment of 1% of their loan as cashback into their bank account within 30 days of their mortgage completing.
The offer is available with Help to Buy products, which means borrowers can purchase a home with just a 5% deposit and also receive 1% cashback on the whole mortgage balance.
Craig McKinlay, mortgages director, Halifax, said: "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.
"One of Halifax's 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."
The offer applies to shared ownership and shared equity mortgages, but it excludes the Halifax large loans range for mortgages above £1 million and buy-to-let.
The total amount of cashback is calculated as 1% of the whole mortgage balance including fees, such as the mortgage account fee and product fee, which are added to the mortgage.
Eligible customers will also get £50 cashback if they take out a Home Solutions combined buildings and contents policy before 9 August.
First-time buyers will also receive a £100 discount on the Halifax e-conveyancing service.
Cashback is capped at £2,500.
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