Halifax offers cash bonus to first-time buyers | Money | guardian.co.uk

Halifax offers cash bonus to first-time buyers | Money | guardian.co.uk

Would-be first-time buyers who are trying to build up a deposit are being offered a cash bonus if they do their saving and borrowing with Halifax.

First-time buyers who take part in the bank's Head Start Home Saver scheme will receive £600 if they pay into a savings account for 10 months in a 12-month period. The money will be put into their account when they take out one of Halifax's first-time buyer mortgages.

Customers can choose from any of the bank's savings accounts, except its Christmas saver. These include the Halifax ISA Direct Reward, paying a rate of 2.6%, and the Web Saver Reward, paying 2.8%.