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Yorkshire hands first-time buyers extra £500 cashback

Yorkshire Building Society is handing first-time buyers an extra £500 cashback when they complete on a mortgage.

The cashback is designed to help first-time buyers with the upfront costs of moving into their first home.

All first-time buyers completing on mortgages at LTVs of 90% or 95% will be eligible.

The extra cashback will be applied on top of all other existing incentives for the specific mortgage they choose.

So a first-time buyer who took out a 2.89% two-year fixed rate with a 90% deposit, which already offers £250 cashback, will now get £750 in total.

This deal also has a zero fee and free standard valuation.

Brendan Gilligan, mortgage product manager for Yorkshire Building Society, said: “Buying your first home is an extremely exciting, landmark event for many first-time buyers, but it can also be hard on their bank balances.

“Giving first-time buyers an extra £500 cashback when they complete on their mortgage gives them a little extra money to use in whatever way will benefit them most, for example, putting it towards their moving costs, using it to buy furniture or even saving it for a rainy day.”

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