The products are available to savers who have been members of the mutual for at least 12 months, and it offers an additional £250 in cashback when a customer takes out a qualifying loan.

This is in addition to cashback that comes with product that they chose.

Customers should also not have a current mortgage with the society and should live in the UK.

The lender is also extending the offering to include family and friends, so savers who qualify can pass on the benefit to someone else with a single-use loyalty code.

Customers who want to take advantage of the offer can call the lender or drop into a local branch to make a mortgage appointment or request a loyalty code.

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Rewarding savers and encouraging loyalty

Ben Merritt (pictured), director of mortgages at Yorkshire Building Society, said: “This is another example of how we’re rewarding our savers and, as a mutual organisation, encouraging member loyalty – something which is very precious to us.

“This new range really demonstrates the suite of benefits members have access to when they join the YBS family, and to help more people reach such benefits, we’re also providing our existing members with the ability to pass it on.”

He added: “We’ve made this decision because we recognise that many of our savers may not need a new mortgage right now, but there’s a very good chance they’ll know someone who does – whether that’s a younger family member looking to get onto or move up the property ladder, or a friend looking to remortgage.

“We hope the extra cashback provided by the new range will be welcome – especially in the current climate where every penny counts.”