"Cash freed up at the start of the mortgage could go towards redecorating costs and fees associated with finding tenants."
Leeds Building Society has increased the cashback incentive on its two and five year buy-to-let mortgages from £500 to £1,000.
Highlights of the updated cashback range include a 2.69% two-year rate a 2.74% five-year fixed rate, both available at 60% LTV with no fee and a free standard valuation.
Leeds has also reduced the rate of its five-year Easy Start buy-to-let mortgage - which has an interest rate of 0% for the first three months - by 0.21% at 70% LTV to 3.03%.
Matt Bartle, Leeds Building Society’s director of products, said: “We’ve increased the cashback incentives available on some of our buy-to-let products while maintaining our product rates.
“Of course, landlords can choose how to spend the £1,000 cashback available. Cash freed up at the start of the mortgage could go towards redecorating costs and fees associated with finding tenants.
“Increasing cashback available on our buy-to-let range is a further example of how we’ve used our expertise and experience in the market to understand and respond to the needs of customers.”