The Leeds adds cashback to residential and BTL products

Published on

The Leeds Building Society is adding £500 cashback mortgages to a selection of deals.

First time buyers and other applicants can take advantage of a 95% 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% available up to 95% LTV (loan to value)
  • a two year fixed rate residential mortgage at 2.44% available up to 80% LTV
  • a two year fixed rate Buy To Let mortgage at 2.26% available up to 60% LTV

All three deals have no product fee and come with £500 cashback and free standard valuation.

Matt Bartle, director of products at the 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.

“We’ve seen growing demand for remortgage deals and we expect this to continue as borrowers respond to the government’s stamp duty changes.

“Cash freed up at the start of a mortgage is often handy to cover some of the costs associated with remortgaging or buying a property. These products also come with the added benefit of no product fees.

“We’re constantly refining and improving our offering in response to borrower and broker feedback and these cashback deals are a further example of how we’ve used our expertise and experience in the market to understand and respond to the needs of customers.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Lakeshield launches exclusive auction finance deal with Brickflow

Lakeshield, a principal lender specialising in bridging and refurbishment finance, has launched an exclusive...

iPipeline issues ‘Advanced Underwriting’ tool with Openwork

iPipeline has launched a major new addition to its SolutionBuilder platform that promises to...

Two-thirds of Generation X unprepared for retirement

A significant majority of Generation X are approaching retirement with little financial preparation, according...

Paragon Bank backs sustainable Surrey scheme with £6.97m loan

A brownfield site in the Surrey village of Dunsfold is to be transformed into...

AMI’s Protection Viewpoint returns with wider focus

The Association of Mortgage Intermediaries (AMI) has announced the return of its annual Protection...

Latest opinions

FCA’s mortgage rule changes: it’s time to raise the advice bar, not drop it

The FCA’s move to relax some of the rules around mortgage switching and term...

Tom Bill: Unintended consequences

Former Prime Minister William Pitt the Younger introduced a brick tax in 1784 to...

U.S. Market: lower rates are needed to help unlock the market

When Donald Trump was reelected and took office at the start of this year,...

Mortgage advice in jeopardy as FCA reopens the door to execution-only

Execution only and FCA’s consultation has been playing on my mind. Having navigated decades...

Other news

Lakeshield launches exclusive auction finance deal with Brickflow

Lakeshield, a principal lender specialising in bridging and refurbishment finance, has launched an exclusive...

iPipeline issues ‘Advanced Underwriting’ tool with Openwork

iPipeline has launched a major new addition to its SolutionBuilder platform that promises to...

Two-thirds of Generation X unprepared for retirement

A significant majority of Generation X are approaching retirement with little financial preparation, according...