Halifax launches new £250 cashback

Halifax has unveiled a new £250 cashback deal for customers looking to remortgage direct with the bank.

It has also reduced product rates across its first-time buyer and home mover ranges.

The bank's remortgage rates start from 2.24%, with the cashback on top of that.

Halifax customers can also take advantage of the bank’s Switcher Service, which offers a dedicated mortgage adviser and no charge for the standard valuation costs and basic legal fee.

It reckon this saves customers around £300.

Halifax has also reduced its two and five-year fixed rate home mover and first-time buyer mortgages by up to 0.20%.

Rates now start from 1.84% with a £495 fee on a two-year fixed rate mortgage.

Those looking to fix for longer can benefit from five-year deals starting at 2.54% with a £495 fee.

Craig McKinlay, mortgages director at Halifax, said: “Halifax is committed to providing competitive mortgages and great service to our customers.

“Existing homeowners stand to save a significant amount by switching their mortgage to the Halifax, not only on their monthly payments, but this latest offer means that the cost and any hassle has also been reduced significantly.”