"Cash freed up at the start of the mortgage could go towards redecorating costs and fees associated with finding tenants."
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.”
