"We hope the cashback provided by the new range will be welcome – and will make a real difference to those looking to get onto the property ladder for the first time"
Yorkshire Building Society has launched a new exclusive cashback mortgage range to support first-time buyers.
Available to first-time buyers only, the new range offers cashback of £2,000 when the customer takes out a qualifying mortgage.
Available on selected five-year fixed rate products, rates are available from 5.89% at 90% LTV and 6.19% at 95% LTV, both with no product fee.
In addition to the cashback products, the Society has reduced selected rates across its range by up to 0.30%, including selected deals at 95%, in an effort to offer further help to first-time buyers.
Ben Merritt, director of mortgages at Yorkshire Building Society, said: “This is another example of how, as a mutual organisation, we’re passionate about creating purposeful products specifically designed to support groups like first-time buyers who really need our help in the current climate.
“We hope the cashback provided by the new range will be welcome – and will make a real difference to those looking to get onto the property ladder for the first time and fulfil their home ownership dreams.”
