After having a successful three months with the purchase only cashback product we decided to introduce the cashback offer on all products for both purchase and remortgage transactions starting from the 1st July 2019.
The cashback offered is £1,250 on loans between £250,001 and £1m and £750 cashback on loans less than or equal to £250,000. The cashback will be paid at time of completion.
This offer will be available on the standard and specialist buy to let range which will allow brokers to gain a cashback for their clients on HMO and multi-unit properties.
Commenting on the launch, Sales and Marketing Director, Phil Riches said:
“We have had the cashback offer with different variations for almost three months with a lot of positive feedback from brokers and we received a number of comments about increasing the offering to our 80% LTV products.
We hope that this offering will prove popular with brokers and will help their clients with the cost of remortgaging their BTL properties. It shows that we are happy to listen and receive input from brokers and that we will accommodate where we can.”