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. With access to Most
lenders and mortgage provider in the UK, saving you time, effort
and money.
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.
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