Cashback Mortgages

Some lenders attract new borrowers by offering a percentage of the overall loan as cash - usually to help with the costs of moving - which is forwarded to you when the mortgage application has completed.

The offers look great, but you can be certain that the lenders are not simply giving money away.

Very often cashback offers are accompanies by redemption penalties which tie you in to a variable rate for several years. This variable rate is frequently set at an unattractively high rate, meaning that you will probably be better off in the long term with a different product.

For more information please click on the consideration you are interested in:

• Flexible Mortgages - Flexible repayment plan mortgages
• Current Account Mortgages - Mortgages linked to current accounts
• Cashback Mortgages - Cashback mortgage deals
• Free valuation or refund of fees/Legal costs - Additional mortgage incentives
• Mortgage Protection - Insurance for mortgages

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