Cash-back Mortgage
Cashback mortgages can be very useful deals for first time
buyers, helping to cover initial costs. Mortgage Helpline
could find a great value cashback mortgage for you. With access to Most
lenders and mortgage provider in the UK, saving you time, effort
and money.
What is a cashback mortgage?
Cashback 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 cashback of around 5-6%. Lenders
commonly arrange cashback mortgages as standard variable rate or
tracker mortgages. In some cases, the cashback 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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