Leeds Building Society is adding £500 cashback mortgages to a number of its product ranges.
First time buyers and other applicants can take advantage of a 95 per cent LTV (loan to value) deal and there is also a cashback option for residential borrowers looking to remortgage and a Buy To Let option.
The Society is adding:
- a two year fixed rate residential mortgage at 3.60 per cent available up to 95 per cent LTV (loan to value)
- a two year fixed rate residential mortgage at 2.44 per cent available up to 80 per cent LTV
- a two year fixed rate Buy To Let mortgage at 2.26 per cent available up to 60 per cent LTV
All three deals have no product fee and come with £500 cashback and free standard valuation. The 95 per cent LTV cashback launches today and the others are available now.
Matt Bartle, Director of Products at Leeds Building Society, said: “These latest cashback deals offer first time buyers and borrowers who are looking for a new deal that extra bit of financial flexibility at a time when they have a number of other expenses.”
The combination of cashback with no product fee on the lower LTV deals is expected to be of particular interest to homeowners looking to remortgage – according to the latest industry figures* there are over 85,000 residential and Buy To Let mortgages due to mature in August 2021.
