Research shows that over the last 10 years the cost of moving home has increased by 69%, with the average removal cost being £1,110 when using a professional removal company.
The expense of moving home is now at its highest level since the peak of the housing market in 2007, with costs in the UK rising at a faster rate than house prices over the past decade.
The offer will be available to homebuyers who take out selected new build, new buy and shared equity / shared ownership products between 31st August and 22nd October.
Ian Wilson, head of sales at Halifax Intermediaries, said: “Many homebuyers budget for major costs such as stamp duty and estate agent fees when purchasing a property.
"However, sometimes 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 for homebuyers purchasing properties through specialist new build and affordable housing schemes, we are helping to alleviate some of this pressure and support homebuyers.
"We also have a long serving dedicated housing development team who have extensive knowledge and expertise to support housebuilders and their clients.”
Halifax has recently announced a number of initiatives to show its support of the housing market, most recently becoming the only lender to offer a valuation fee promise, which provides customers with a full refund of valuation costs to mortgage applicants if their home purchase falls through, through no fault of their own.
