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 per cent loan to value (LTV).
Examples include no-fee five-year fixed rate at 95 per cent LTV at 6.19 per cent and 5.89 per cent 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 per cent, including select deals at 95 per cent 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.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
