Cashback incentive added to no-ties five-year fixed rate loan

A £200 cashback is being offered to borrowers applying for Leeds & Holbeck&#39s no-ties five-year fixed rate mortgage by the end of September.

Applicants will receive the payment on completion of the loan. The mortgage is available at 5.49% for loans up to 90% of property value or 5.89% up to 95%.

Key product details are:

* No early repayment charges at any time

* No completion fee

* No mortgage indemnity fee up to 95% loan-to-value

* Unlimited capital repayments allowed

* Free in-house legal services for re-mortgages

* No general insurance requirements

* 6 months free mortgage payment protection cover

Tony Burdin, head of marketing, says: ” The £200 cashback will be paid on completion to borrowers who apply by 30 September. This extra incentive makes this unique loan even more attractive. Five year fixed rate loans usually carry early redemption penalties and other charges whereas this product gives borrowers complete freedom of choice together with competitive rates.”

For more information, customers can call into their local branch, visit the website at, or call Leeds & Holbeck&#39s customer information hotline, on 0500 225