Leeds Building Society Mortgage with £1,000 cashback. A great 5 year fixed for First Time Buyers with a 3.69% rate.
Buying a property is expensive and it is not uncommon for unexpected costs to arise. Leeds Building Society Mortgage with £1,000 cashback may have the answer to your concerns. They will give you back £1,000 on completion of the mortgage, to spend how you choose, which should go along way to helping to bring down the costs. The product is fixed for 5 years to allow you to budget over the long term.
Initial Rate: 3.69%Subsequent:5.69%The overall cost for comparison is 5.0%
- Features: Fixed until 30/11/2019. For residential properties. Parents can ‘gift’ the deposit.
- Minimum deposit / equity: 30%
- Valuation fee: £25
- Other main lender fees: £199 booking fee. £100 arrangement fee.
- Early repayment charges: 5/5/4/3/2% of the amount redeemed to 30/11/2019
MY COMMENTS: This product is ideally suited to first time buyers who do not have much in the way of savings and are receiving a gift from their parents towards the deposit.
For more information on The Leeds Building Society Mortgage with £1,000 cashback offer please complete the enquiry form on this page or call us on 020 7993 2044.
Rates current as at 19/9/14 . The overall cost for comparison is based on a property value of £250,000 over a 25 year term. Repayment for Residential and Interest only for Buy-to-let. Eligibility will depend on your own personal circumstances.
Key: ERC = Main early repayment charge
Your Home is at Risk if you do not keep up with your mortgage repayments.
Author: Payam Azadi
Payam Azadi is a partner at Niche Advice who are whole of the market Independent Finance Brokers In London. His role is very much focused on Property financing both on residential and commercial lines.