Leek United doubles cashback for first-time buyers
Leek United has raised the amount of cashback on offer to borrowers with a deposit of just 5%.
The lender has doubled cashback from £500 to £1,000 on its 95% loan to value (LTV) offering.
Clare Beardmore, Leek United’s head of mortgage sales, said: “Coupled with a competitive rate – fixed until 31 August 2020 – for both first and second-time buyers, and with no application/product fees, this makes an already competitive offer even more attractive.
“It’s available for new-build properties – with just 28 days from application to offer^ for any new-build customers – and gives homebuyers an extra cash boost just when they’re likely to need it the most.
“For first-time buyers especially, an extra £1,000 goes a long way towards helping with their legal fees, for instance.”
It comes after the lender recently launched a range of new two and five-year fixed and discounted rate residential deals, as well as a two-year fixed-rate new build offer.