11 Dec

Does Leeds Building Society Offer Cashback?

Are you a landlord looking for financial support when it comes to your rental properties? Leeds Building Society might have the solution for you. They offer a cashback program that provides additional funds to landlords, allowing them to cover various expenses associated with their properties. Let’s take a closer look at the cashback options available at Leeds Building Society.

Key Takeaways:

• Leeds Building Society offers a cashback program for landlords.
• The cashback amount has been increased from £500 to £1,000.
• Landlords can use the cashback for property expenses and finishing touches.
• The cashback program provides additional financial benefits to landlords.
• Leeds Building Society aims to support landlords in enhancing their rental properties.

Cashback Incentives for Buy To Let Mortgages

Leeds Building Society has recently announced an exciting increase in their cashback incentives for two and five year fixed rate Buy To Let mortgages. Previously offering £500 cashback, the Society has raised the amount to £1,000, providing even greater financial benefits for landlords. This additional cashback can be used towards various expenses associated with rental properties, such as finishing touches and costs related to finding tenants.

Whether you’re a new landlord looking to invest in a property or a seasoned investor looking to expand your portfolio, the increased cashback incentives from Leeds Building Society can greatly enhance your financial position. Not only does the cashback provide a boost to your funds, but it also offers the flexibility to allocate the funds according to your specific needs and priorities.

The cashback program is available for both purchase and remortgage applications, further increasing its appeal. Additionally, Leeds Building Society offers free standard valuation as part of their cashback program. This means that you not only receive a generous cashback amount but also benefit from the convenience and cost savings associated with a free valuation.

Benefits of the Increased Cashback Incentives:

1. Additional financial support for landlords
2. Flexibility to allocate funds according to specific needs
3. Enhanced appeal for both new and experienced landlords
4. Free standard valuation included in the cashback program

With the increased cashback incentives for Buy To Let mortgages at Leeds Building Society, landlords can take advantage of the financial benefits and support offered. Whether it’s using the cashback for property expenses or investing in improving rental properties, the additional funds can contribute to the success and profitability of your rental business.

Leeds Building Society aims to provide competitive mortgage options and valuable benefits for landlords. The increased cashback incentives are just one example of their commitment to supporting the needs of property investors. Explore the range of Buy To Let mortgages available and take advantage of the cashback incentives to enhance your rental properties and maximize your financial outcomes.

Easy Start Buy To Let Mortgage

I am excited to share with you the Easy Start Buy To Let mortgage option offered by Leeds Building Society. This mortgage program is designed to provide temporary financial relief and flexibility for landlords. With an interest-free period of 0% for the first three months, it allows landlords to manage their cash flow during the initial stages of their mortgage.

After the interest-free period, the mortgage rate transitions to Leeds Building Society’s standard variable rate. This means that you can take advantage of the initial interest-free period to make progress on your property without worrying about interest payments. It gives you the opportunity to allocate your funds towards other aspects of your rental property or even use it for other personal expenses.

The Easy Start Buy To Let mortgage is available for both purchase and remortgage applications. It is an attractive option for landlords who want to maximize their cash flow during the early stages of their mortgage journey. Whether you are a seasoned landlord or just starting out, this mortgage product offers flexibility and benefits that can help you achieve your financial goals.

Benefits of the Easy Start Buy To Let Mortgage

• Interest-free period of 0% for the first three months
• Flexibility to allocate funds towards property improvements
• Opportunity to manage cash flow during the initial stages of the mortgage
• Available for both purchase and remortgage applications

With the Easy Start Buy To Let mortgage, you have the chance to make progress on your rental property without worrying about interest payments for the first three months. It’s a valuable opportunity to allocate your funds towards property improvements and other personal expenses.

Benefits of Cashback for Landlords

When it comes to managing rental properties, every landlord knows that expenses can quickly add up. That’s why the cashback incentives offered by Leeds Building Society are such a valuable opportunity. By taking advantage of these incentives, landlords can enjoy several financial advantages that can help improve their rental income and overall property management.

One of the main benefits of cashback is the flexibility it provides in allocating funds. Whether it’s for redecoration costs, maintenance fees, or advertising expenses, landlords can use the additional funds to cover a wide range of property-related expenses. This flexibility allows landlords to prioritize areas that need improvement or invest in upgrades that can attract and retain higher-quality tenants.

Using cashback for property expenses also helps landlords maintain a healthy cash flow. Instead of dipping into their personal savings or relying solely on rental income, landlords can leverage the cashback to cover immediate expenses. This can be especially beneficial during periods of property turnover or unexpected repairs, ensuring that landlords have the financial means to address these issues without causing undue strain.

Furthermore, the financial advantages of cashback extend beyond immediate property expenses. By improving the condition and appeal of their rental properties, landlords can potentially increase rental rates and attract a larger pool of qualified tenants. This can lead to higher occupancy rates and ultimately maximize rental income. Additionally, investing in property improvements can also increase the overall value of the property, providing long-term benefits and potential appreciation.

Leeds Building Society’s Buy To Let Products

Leeds Building Society offers a wide range of Buy To Let products designed to meet the diverse needs of landlords. Whether you’re a seasoned investor or just starting out in the rental market, the Society has competitive mortgage options to suit your requirements.

With their range of fixed-rate mortgages for both two and five-year terms, Leeds Building Society provides stability and peace of mind. These mortgages come with attractive rates, giving landlords the opportunity to secure financing at a rate that works for them.

When it comes to Buy To Let mortgages, it’s essential to have flexibility. Leeds Building Society understands this, which is why they offer penalty-free capital over-repayments and tapered early repayment charges. These features give landlords the freedom to manage their finances and make strategic decisions for their rental properties.

Benefits of Leeds Building Society’s Buy To Let Products:

• Competitive rates on Buy To Let mortgages
• Flexible repayment options
• Penalty-free capital over-repayments
• Tapered early repayment charges

Leeds Building Society offers a comprehensive range of Buy To Let products, ensuring that landlords can find the right mortgage solution for their investment properties.” – John, a satisfied Leeds Building Society customer.

With Leeds Building Society’s Buy To Let products, you can access the financing you need to grow your rental property portfolio. Whether you’re purchasing a new property or looking to remortgage an existing one, their competitive rates and flexible options make them a top choice among landlords.

Mortgage Representative Example

Looking for a mortgage that suits your needs? Let me provide you with a representative example of a mortgage from Leeds Building Society. This example will give you an idea of what to expect when applying for a mortgage with us.

For a mortgage amount of £140,000 payable over 25 years, you can enjoy an initial fixed rate of 6.29% for 2 years. This means your monthly payments during this period will remain consistent, giving you peace of mind. After the initial fixed rate period, you will receive a 0.75% discount on our current Standard Variable Rate for the next 3 years. This discounted rate ensures you continue to benefit from competitive rates.

For the remaining 20 years of your mortgage, the interest rate will be based on our standard variable rate. Keep in mind that this rate may vary, so it’s important to check the latest rates when you’re ready to apply. By choosing Leeds Building Society, you can enjoy the flexibility and security that comes with our mortgage options.

Conclusion

Leeds Building Society’s cashback incentives for selected Buy To Let mortgages offer significant benefits for landlords. With an increased cashback amount of £1,000, landlords can make use of these funds to cover various property expenses. This cashback program provides flexibility, allowing landlords to allocate the funds as required, whether it’s for redecoration costs or fees associated with finding tenants.

Additionally, Leeds Building Society offers a range of mortgage options with competitive rates and benefits for both purchase and remortgage applications. Landlords can take full advantage of these cashback incentives to enhance their rental properties and improve their overall financial outcomes.

Overall, the Leeds Building Society cashback review showcases the Society’s commitment to supporting landlords by providing financial advantages through their cashback program. Whether it’s through increased incentives or a variety of mortgage options, Leeds Building Society is dedicated to helping landlords achieve success in the rental market.

Source Links

• https://www.leedsbuildingsociety.co.uk/mortgages/fixed-rate-mortgages/3011-purchase-only-2-year-fixed-rate-mortgage-95-78-623/
• https://www.leedsbuildingsociety.co.uk/mortgages/fixed-rate-mortgages/1606-purchase-only-2-year-fixed-rate-mortgage-95-76-629/
• https://www.leedsbuildingsociety.co.uk/intermediaries/news/2019/leeds-doubles-buy-to-let-cashback-incentives/

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