Cashback mortgages

Cashback mortgages can be ideal for first time buyers and those who have very little money to cover the various costs in obtaining a mortgage. Cashback mortgages allow you to borrow upto 95% of the value of the property with the cashback being used to cover the deposit or other costs such as legal fees, higher loan to value fees or stamp duty. Most lenders will pay the cashback after completion of the mortgage, although in some cases it is possible to have the cashback paid at the same time as the mortgage advance, enabling it to be used as the deposit.

In recent years cashback mortgages have become less popular, and have largely been replaced by 100% mortgages

To find out more about Cashback mortgages , simply complete the Cashback Mortgage Quote to receive details of the best Cashback mortgage to suit your individual circumstances. Alternatively call 0800 801079 to speak to a mortgage advisor.

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