You are here: Home - Uncategorized -

Leeds launches £1k cashback deals

Written by:
Leeds launches £1k cashback deals

Leeds Building Society has announced the introduction of two new interest-only mortgages with £1,000 cashback.

Both are two year fixed rate mortgages and each comes with a free valuation, as well as fees assisted legal services for standard remortgages.

The deals are a 2.09% interest-only fixed mortgage available up to 60% LTV (loan to value); and a 2.24% interest-only part and part deal available up to 75% LTV.

“More choice is returning to the interest-only market and these new products with incentives complement our existing range,” said Jaedon Green, Leeds Building Society’s director of product and distribution.

“Activity last year suggests borrowers with interest-only and part and part mortgages are more likely to remortgage, compared to capital and interest borrowers, and we’d expect even more of these homeowners to take advantage of current low rates and switch to a better deal.

“With the incentives our latest products include, we’d expect the part and part deal to be of particular interest to interest-only borrowers seeking to remortgage.”

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 2021-2022

Read our guide to the best mortgage lenders in the UK

Read More >