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Cash back mortgages

Cash back mortgages can be very useful deals for first time buyers, helping to cover initial costs. Mortgage Helpline could find a great value cash back mortgage for you.

What is a cash back mortgage?
Cash back mortgages offer an initial lump sum that can be used for costs such as legal fees, stamp duty, removals, new furniture or home repairs. The mortgage deal usually allows you to borrow up to 95% of the property value, with cash back of around 5-6%. Lenders commonly arrange cash back mortgages as standard variable rate or tracker mortgages. In some cases, the cash back is paid upon completion of the mortgage. There may be early repayment charges if the mortgage is repaid before the end of the term.

The Mortgage Helpline (UK) Ltd is an appointed representative of Home Of Choice Ltd which is authorised and regulated by the Financial Services Authority. Commercial Mortgages and some Buy to Let mortgages are not regulated by the Financial Services Authority. Your home may be repossessed if you do not keep up repayments on your mortgage.