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New cashback option for Leeds Building Society borrowers

The new deal is available up to 80% LTV (loan to value) and comes with benefits include a free standard valuation and fees assisted legal services for remortgages. There is a low fee of £199.

"We're pleased to add to our mortgage range by introducing this new cashback deal," said Martin Richardson, Leeds Building Society's General Manager – Business Development.

"Many borrowers, particularly those who are remortgaging, are looking to minimise their costs around taking out a new home loan so a competitive rate, paired with a generous £1,000 cashback and the other benefits of this deal, makes an appealing combination.

"The product permits overpayments each year up to 10% of the loan, so the borrower could even start to reduce the amount owing on their mortgage straightaway by paying in their cashback on completion."

Ends

Notes to Editors

To discuss a new case with one of our mortgage development team, mortgage introducers should go to www.leedsintroducer.co.uk to find details of their nearest Business Developer contact.

Leeds Building Society has won three awards for innovation so far this year, having been named 'Innovator of the Year' at the Moneywise Magazine Mortgage Awards 2014 for its Welcome Mortgage. This allows borrowers to pay 0% interest for the first few months of their term so they can free up cash to help them settle into their new home.

The Society also scooped the 'Mortgage Innovation Award' and was named 'Most Innovative Personal Finance Provider' at the Moneynet Personal Finance Awards 2014.

Leeds Building Society has 67 branches throughout the UK, Gibraltar and Ireland and assets of £12.1bn (as at 30 June 2014). The Society has operated from the centre of Leeds since 1886.