The UK 's largest mortgage lender, Halifax, has announced it will offer homebuyers £500 to assist with the cost of moving home.
Paid as a cashback payment upon completion of purchase, the offer is part of Halifax's initiative to help reduce the cost of moving for its customers. Latest research by the lender found that the cost of moving home has increased by 69% over the past ten years.
Stephen Noakes, mortgage director at Halifax said: "Many homebuyers budget for major costs such as stamp duty and estate agent fees when purchasing a property.
"However, sometimes the many other costs, such as removal costs can catch buyers out and add further pressure to tight purse strings. With £500 cashback towards the cost of moving home we are helping to alleviate some of this pressure and support homebuyers."
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