Cashback Mortgages

Home / Services / Mortgages / Cashback Mortgages

Body

A cashback mortgage is an arrangement where the lender pays or rebates to the borrower a sum of money (or some other form of financial benefit/incentive) either on completion of the mortgage or at a later stage. The borrower can use the cashback to help pay some of their property purchase costs such as legal and surveying costs, stamp duty, removals charges, or home improvements and repairs.

The amount of cashback the borrower will receive depends on the lender’s requirements. Sometimes it is calculated as a percentage of the total mortgage advance and will therefore vary in value, or it may be a fixed and non-negotiable amount. Some mortgage providers insist that the borrower already holds (or opens) a current account with them before they qualify for cashback.

Cashback mortgages are usually associated with standard variable rate or tracker mortgages, although the rate of interest may or may not be higher. As well as applying an early repayment charge on these mortgages, if a cashback mortgage is redeemed before the end of the agreed term, the lender may ask the borrower to repay all or part of the cashback.

Warning Text

icon

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Testimonials

Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia curae; Nunc tempor ipsum at ipsum accumsan, non luctus elit feugiat. Vivamus efficitur ultrices leo eget consequat. Nam tempor egestas ligula, vel mattis arcu viverra non. Sed erat dui, rutrum a est sed, gravida dignissim eros. Aenean lobortis a magna et aliquam. Ut varius quam in posuere lobortis.

Testimonial 3

Aenean rhoncus quis est eget ullamcorper. Phasellus dignissim pellentesque pretium. Maecenas at tortor pretium, dictum velit non, luctus tortor. Integer non rhoncus nibh. Morbi porttitor finibus dictum. Pellentesque massa mauris, faucibus et eleifend viverra, aliquam a tortor. Cras vel dictum eros. Curabitur non felis cursus, interdum odio ut, molestie odio. Duis pulvinar ac massa sed congue.

Testimonial 2

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Sed et lectus sodales augue mattis vehicula. Integer dictum suscipit risus, quis consectetur ligula finibus quis. Fusce aliquam, odio ut ultrices imperdiet, arcu urna dapibus erat, eu feugiat mauris lectus quis nunc. Donec in convallis lectus. Mauris interdum nec magna ac sollicitudin. Etiam quis viverra arcu. Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia curae;

Testimonial 1

Subscribe to our newsletter

Send us your email address if you would like to receive our regular newsletter

Request a Call Back

CAN WE HELP YOU WITH SOMETHING?

  • footerlogo

  • Registered office address: {Reg Address 1}, {Reg Address 2}, {Reg City}, {Reg County}, {Reg Postcode}

    Registered in England and Wales under reference {Reg No}

  • [Company Name] is an appointed representative of <Network Name>, which is authorised and regulated by the Financial Conduct Authority.

  • <Network Name> is entered on the Financial Services Register (https://register.fca.org.uk/s/) under reference {Network FCA Reference No}.

Copyright ©  WEBPRO all Rights Reserved · Website Designed, Developed and Licensed by WEBPRO

cross
cross
cross