Research by Halifax shows there are about 860,000 empty homes in the UK, which equates to 3.4 per cent of the total dwelling stock.
National Empty Homes Week runs from May 24 to 28 and Halifax is marking it by extending the offer of its no fee one per cent cashback mortgage.
The one per cent cashback will help homebuyers to reduce the costs of bringing an empty property back into the housing stock.
Halifax group economist Tim Crawford says: “Empty homes and urban deprivation go hand in hand. Government policy, in our view, needs to tackle urban blight and the empty homes problem at the same time. Making an area more attractive to live in should significantly reduce the number of empty homes there.”