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First-time Buyer

Yorkshire Building Society launches £2,000 cashback offer for first-time buyers

Nick Cheek
Written By:
Nick Cheek
Posted:
Updated:
28/07/2023

Yorkshire Building Society has released an exclusive cashback mortgage for first-time buyers offering £2,000.

The deal is available on selected five-year fixed rate at 90 and 95% loan to value (LTV).

Examples include no-fee five-year fixed rate at 95 per cent LTV at 6.19% and 5.89% at 90 per cent LTV.

The product has been launched based on customer research, which the lender said showed that first-time buyers “need help now, more than ever, amidst the high cost of living environment”.

The cashback will give a “helping hand” and help ease the costs of setting up a home for the first time, such as buying furniture or paying legal fees.

Yorkshire Building Society has also reduced selected rates across its range by up to 0.3%, including select deals at 95% LTV to further help 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.”