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A Cash Back Mortgage is a mortgage that comes with a cash lump sum (often a percentage of the amount you're borrowing). This is paid to the mortgage applicant on completion of the mortgage and is offered either:
- with a lender’s standard variable rate, which can offer a large amount of cash back, which can be used for any purpose. The cash back is often paid in the month after the purchase has completed.
- with another mortgage product such as a fixed rate mortgage. This cash back would normally be much less than that offered with the SVR.
This cash back could help you to cover some of the expenses of setting up home, but may also be subject to higher interest rates and penalties for repaying the loan early...
For more information about Cash Back Mortgages, or any mortgage or remortgage products please call 0845 257 9301, or complete our brief questionnaire and one of our qualified mortgage advisers will get in touch to discuss you mortgage requirements. |
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We Can Help |
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Re-Mortgage your existing home |
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Even if you have poor past credit or you are working as a self employed person |
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Provide you with a Mortgage for your Home |
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Provide you with a Mortgage for Commercial use |
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If you are facing financial difficulties |
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Buy your council property at a discount |
0845 257 9301 |
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