Leeds Building Society is launching a 100 per cent mortgage with a cashback option of 1 per cent. There are no application or completion fees and there is the incentive of a free valuation of up to 335.
The variable interest rate is 6.50 per cent and there are no early repayment charges.
Leeds head of marketing and PR Karen Wint says: This is a really simple product, enhanced with a cashback, which will help some people – who really need it – buy their first home.
It is easy to understand, gives excellent flexibility and assists with some of the expenses of moving into a new home. The mortgage is available through any of our branches, our call centre or through our mortgage intermediaries.