You are here: Home - First Time Buyers - News -

Yorkshire Building Society offers £500 cashback to first-time buyers

Written by:
The mutual is giving those buying their first property a cash injection to help with the set-up costs of a new home
Yorkshire Building Society offers £500 cashback to first-time buyers

Yorkshire Building Society is offering selected first-time buyers an extra £500 cashback when they complete on a mortgage with the Society, on top of any other offers they are entitled to.

All first-time buyers completing on mortgages at 90% or 95% of the property’s value will be eligible for the extra cashback, which will be applied in addition to existing incentives for the specific mortgage they choose.

For example, under the new offer, a first-time buyer who took out a 2.89% two-year fixed rate with a 90% deposit, which has a £0 product fee, free standard valuation and £250 cashback on completion would receive an additional £500 cash back, taking the total cashback on completion to £750.

The extra cashback is designed to help first-time buyers with the upfront costs of moving into their first home.

Brendan Gilligan, mortgage product manager for Yorkshire Building Society, said: “We know that while buying your first home is an extremely exciting, landmark event for many first-time buyers, it can also be hard on their bank balances. We understand all of our borrowers are individuals and want to help them in the way which is most appropriate for them.

“Giving first-time buyers an extra £500 cashback when they complete on their mortgage gives them a little extra money to use in whatever way will benefit them most – for example, putting it towards their moving costs, using it to buy furniture or even saving it for a rainy day.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Your Mortgage Guides

Your Mortgage Award Winners 2019-2020

Download our guide to the best mortgage lenders in the UK

Read More >

Read previous post:
Gulf-based buyers ‘pile into’ UK market ahead of Stamp Duty levy

Enquiries from buyers based in the United Arab Emirates and Qatar have surged by 60% month-on-month ahead of the looming...