22 Dec

Yorkshire Building Society ups cashback on some mortgage products

Yorkshire Building Society ups cashback on some mortgage products

Yorkshire Building Society has announced that it is increasing the amount of cashback available on some of its first-time-buyer mortgages to help its customers deal with the forthcoming rise in stamp duty.

New homeowners will now be eligible to receive one per cent of the total loan in cashback, rather than the £500 currently offered.

This applies to the institution's three-year and five-year fixed-rate mortgages for first-time buyers and both products also include a free valuation and free legal fees.

Iain Cornish, chief executive of Yorkshire Building Society, commented: "Buying your first home is a very expensive business. We have therefore designed these new mortgages to take some of the financial pressure off first-time buyers."

On January 1st, the stamp duty threshold will revert to £125,000 after spending 16 months at the higher level of £175,000.

Chancellor Alistair Darling announced the measure last September in a bid to stimulate the property market amid the global financial crisis.ADNFCR-1222-ID-19525709-ADNFCR

Cookies We use cookies to ensure that we give you the best experience on our website. We would like to place cookies on your computer to help us make this website better. To find out more about the cookies, see our cookies policy

  • I accept cookies from this site