The lender will offer 1% cashback on all qualifying mortgages, which includes its affordable housing, new build and Help to Buy range.

Shared ownership and shared equity loans are also eligible, but large loans of more than £1m and buy-to-let are excluded.

Buyers will receive 1% of the value of their loan, up to a limit of £2,500.

The cashback will be paid into their bank within 30 days of the mortgage completing.

As Help to Buy mortgages are eligible, this means a borrowers could purchase a home with a 5% deposit then receive cashback of 1% on the mortgage balance.

Craig McKinlay, mortgages director at Halifax said the cashback offer would help with moving costs and other expenses people face when moving home.

“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,” he said.

“One of Halifax’s key 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.”