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.”