Leeds Building Society has reduced its 5-year cashback products by 0.1%.
These products come with a free standard valuation, offer £1,000 cashback and are available from 65%-90% loan to value (LTV). There’s a product at 2.36% up to 65% LTV, 2.51% up to 75% LTV, 2.55% up to 80% LTV, 2.69% up to 85% LTV and 3.06% up to 90% LTV.
Matt Bartle, director of products at Leeds Building Society, said: “We keep our mortgage range under constant review and try to offer a wide range of products to meet the needs of our customers.
“Our cashback range can give borrowers a little bit of extra flexibility at a time when they have other expenses.”
Leeds Building Society has also increased the cashback available on its 75% LTV 2-year fixed rate from £750 to £1,000.
Bartle added: “We’ve increased the cashback incentive available on our 2-year 75% LTV mortgage while maintaining product rates across our 2-year fixed rate cashback range.
“Cash available at the start of a mortgage is often handy to cover some of the costs associated with buying a new home. This is a further example of how we’ve used our expertise and experience to understand and respond to the needs of customers.”