Leeds Building Society has added a £500 cashback incentive to three of its products.

They comprise the 95% LTV residential two-year fix at 3.60% and the 80% LTV residential two-year fix at 2.44%, also available as a remortgage option.

Additionally, the lender’s 60% LTV buy-to-let two-year fix at 2.26% now comes with cashback.

All of the mortgages listed above charge no product fee and come with a free standard valuation.

Leeds director of products Matt Bartle says: “We’ve seen growing demand for remortgage deals and we expect this to continue as borrowers respond to the government’s stamp duty changes.

“Cash freed up at the start of a mortgage is often handy to cover some of the costs associated with remortgaging or buying a property. These products also come with the added benefit of no product fees.

Leeds adds that over 85,000 residential and BTL mortgages are due to mature in August 2021.