The number of first-time buyers moving onto the property ladder has risen by almost 23,000 in 2016,
Halifax intermediaries are now offering first-time buyers and homemovers £1000 cashback on qualifying mortgages.
The cashback will be paid automatically on completion, sent to the conveyancer with the completion funds.
Ian Wilson, head of Halifax Intermediaries, said: “Our latest offer aims to help ease some of the financial burden of first-time buyers and homemovers by providing a boost to bank balances, so that they can celebrate moving into their new homes.”
This offer comes as a growing number of first-time buyers are moving onto the property ladder, growing from 312,900 in 2015 to around 335,750 in 2016.