Halifax customers who apply for a qualifying mortgage between today (5th November) and 30th December 2018 will be in with a chance of becoming mortgage-free (up to the value of £300,000). 100 runners up will receive cash prizes of £1,000.

To be in with a chance, customers must be a homebuyer, remortgaging to, or be an existing Halifax customer changing those named on the mortgage.

They must apply for a qualifying mortgage between 5th November and 30th December 2018 and register for the draw by 31st January 2019. They must also complete their mortgage by 31st March 2019.

During the period of the prize draw, Halifax will continue to run its cashback campaign, offering all eligible customers £500 on completion of their mortgage. The prize draw will take place on 15th April 2019.

Russell Galley, Managing Director, Halifax said; “For most people, mortgage repayments are by far the biggest of their monthly outgoings, with mortgage freedom decades away from becoming a reality. I’m delighted that Halifax will be the first bank to offer a prize draw to help change the lives of three lucky mortgage customers, on top of our £500 cashback offer.”