Cashback Mortgage

Cashback Mortgage

This is a mortgage in which the Lender refunds a sum of money, either as a percentage of the loan or a flat figure, to the borrower upon completion. With this type of offer the borrower will typically be tied to the Lender's SVR by early repayment charges necessitating repayment of the cashback if the loan is repaid within a set period.

Latest News

  • Choosing a mortgage is a very important decision to make and it is important that you think carefully about repayment methods, interest rates and your needs in general before opting for a mortgage. Some lenders may have mortgages on offer that have unique features or deals attached to them but its important that you don’t [...]
    Read more ...
  • Gordon Brown has today announced that Stamp duty is to be suspended for a year, on properties that cost up to £175,000 in a bid to boost the ailing housing market. The long-awaited freeze on the unpopular levy is to take place from Wednesday. It forms part of an emergency rescue package for hard-pressed home buyers and [...]
    Read more ...