Cashback Mortgages

This is a mortgage which provides a sum of money, usually a percentage of the loan or a flat amount , to the borrower on completion of the mortgage.  The cashback will have to be repaid if the mortgage is redeemed within a time specified by the lender. The interest rate for this type of product is usually the lender's Standard Variable Rate.

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  • Struggling to get a mortgage? Its a sad fact that in todays climate, if you’ve got less than 10 per cent equity in your home, then it’s now very hard to find anyone to lend to you. Nationwide have recently stopped lending to anyone other than existing customers with less than 15 per cent equity and [...]
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  • Help…we’re buying a new house If you’re buying a property, and are looking for a new mortgage, you’ll find that there’s not much on offer at the moment. This week, almost every lender withdrew all of their new tracker mortgages, as they waited to see what the Bank of England would do with interest rates. Meanwhile, there are [...]
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