Accord Mortgages is set to offering customers £500 in cashback when they complete on a mortgage.
From Friday all first-time buyers completing on fixed rate mortgages with the intermediary-only lender, which is part of Yorkshire Building Society Group, at 90% or 95% loan-to-values will be eligible for the extra cashback.
It will be applied on top of all other existing incentives for the specific mortgage they choose, with the largest cashback amount they could receive reaching £1,250.
David Robinson, Accord’s national intermediary sales manager, said: “We’ve always been committed to providing competitive rates for borrowers with 5% and 10% deposits. We’re pleased to offer an exclusive range which gives those who have never had a mortgage before a little extra boost to settle into their first home.
“Many first-time buyers turn to a broker for advice, so we hope this extra bonus with our high LTV range will appeal to intermediaries who are helping their clients get their first step onto the property ladder. However, the added cashback is only available for a limited period, and is guaranteed until Monday, 5 December only.”
The extra cashback is designed to help first-time buyers with the upfront costs of moving into their first home, and is available for a limited time.