Yorkshire Building Society is offering first time buyers up to £1,000 cashback.
The Yorkshire is also cutting rates by up to 0.30 percentage points on selected mortgages at 75%, 85% and 90% LTV.
New deals include:
- 2.79% three year fixed rate at 75% LTV, with £995 fee
- 3.94% two year fixed rate at 90% LTV, with £995 fee
- 4.19% two year fixed rate at 85% LTV for first time buyers, with zero fee, £1,000 cashback on completion and free valuation
Offset alternatives are available of each and are priced 0.20% higher than the non-offset equivalents.
“By offering £1,000 cashback we are giving first time buyers real support towards the cost of getting on the property ladder,” said Chris Smith, Yorkshire Building Society’s direct mortgage manager.
“Thanks to our range of competitive mortgages and the personal service we provide, we have seen the number of first time buyer mortgages provided increase by about a third this year.”
He added: “We expect these changes and our ongoing commitment to helping all borrowers, whether they have a large or small deposit, will allow us to help even more first time buyers.”