Leek United is doubling the cashback incentive on one of its latest new mortgages.
The 95% loan to value (LTV) fixed rate residential mortgage (product number 1111) was included in the range of new mortgage products launched by the society earlier this month.
Now, the offer’s original £500 cashback incentive is being increased to £1,000.
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.”
Leek United’s recently revamped mortgage range also includes other two-year fixed and discounted rate residential deals, five-year fixed residential and buy-to-let offers, and a two-year fixed rate mortgage for residential new build properties.