Related topic: Cashback

Quantum has also reduced rates across single-unit, multi-unit, specialist and pro mixed-use ranges.

The Society says the new initiative provides brokers with a practical opportunity to engage with clients.

The £2,000 cashback offer applies at 90% and 95% LTV.

The new incentivised products come after the lender recently re-evaluated its buy-to-let lending criteria.

The maximum cashback available is now £2,000.

All five-year fixed HMO products will now include £500 cashback for a limited time. 

The initiative is designed to support first-time buyers with upfront costs such as moving expenses, white goods, or furnishing their first home.

There are three different options with different fee structures. 

Rates are the same as the current RIO and standard mortgage products.

The Society has also announced stress rate reductions on all two-year fixed residential products.