A cashback mortgage is an arrangement where the lender pays or rebates to the borrower a sum of money (or some other form of financial benefit/incentive) either on completion of the mortgage or at a later stage. The borrower can use the cashback to help pay some of their property purchase costs such as legal and surveying costs, stamp duty, removals charges, or home improvements and repairs.
The amount of cashback the borrower will receive depends on the lender’s requirements. Sometimes it is calculated as a percentage of the total mortgage advance and will therefore vary in value, or it may be a fixed and non-negotiable amount. Some mortgage providers insist that the borrower already holds (or opens) a current account with them before they qualify for cashback.
Cashback mortgages are usually associated with standard variable rate or tracker mortgages, although the rate of interest may or may not be higher. As well as applying an early repayment charge on these mortgages, if a cashback mortgage is redeemed before the end of the agreed term, the lender may ask the borrower to repay all or part of the cashback.
Free introductory meeting
Speak with a qualified mortgage adviser to discuss your circumstances and explore your options. This initial meeting is free and without obligation.
Contact UsThe best solutions often start with the right questions!
FAQ'S
Maecenas tortor nisl, finibus quis mattis eleifend, aliquet viverra velit. Vivamus vehicula ipsum sit amet commodo congue. Nam vestibulum magna a ante tempor lobortis.
Morbi auctor augue consequat odio rutrum sagittis. Proin lobortis molestie massa. Suspendisse potenti. Nulla ut tincidunt enim. Phasellus dictum dolor a dignissim dictum. Cras in diam pellentesque, eleifend lectus sed, fermentum massa. Duis tempor mollis dolor in hendrerit. Duis dapibus convallis ullamcorper.
Etiam nec interdum orci. Aliquam id mattis metus. Suspendisse malesuada felis vel felis condimentum, id aliquet augue malesuada. Phasellus sit amet ullamcorper sapien. Nulla facilisi.
Quisque vel mi quis quam commodo mattis. Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia curae; Aenean suscipit volutpat tellus, sit amet commodo urna tincidunt sed. Nunc sagittis nulla risus, id euismod nisl cursus in. Curabitur nisl urna, posuere sit amet congue a, ullamcorper eget orci. Nulla scelerisque luctus dolor vulputate vulputate.
Maecenas tortor nisl, finibus quis mattis eleifend, aliquet viverra velit. Vivamus vehicula ipsum sit amet commodo congue. Nam vestibulum magna a ante tempor lobortis.
Morbi auctor augue consequat odio rutrum sagittis. Proin lobortis molestie massa. Suspendisse potenti. Nulla ut tincidunt enim. Phasellus dictum dolor a dignissim dictum. Cras in diam pellentesque, eleifend lectus sed, fermentum massa. Duis tempor mollis dolor in hendrerit. Duis dapibus convallis ullamcorper.
Etiam nec interdum orci. Aliquam id mattis metus. Suspendisse malesuada felis vel felis condimentum, id aliquet augue malesuada. Phasellus sit amet ullamcorper sapien. Nulla facilisi.
Quisque vel mi quis quam commodo mattis. Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia curae; Aenean suscipit volutpat tellus, sit amet commodo urna tincidunt sed. Nunc sagittis nulla risus, id euismod nisl cursus in. Curabitur nisl urna, posuere sit amet congue a, ullamcorper eget orci. Nulla scelerisque luctus dolor vulputate vulputate.
Testimonials
Our clients are at the heart of everything we do. From tailored financial strategies to long-term support, we are proud to have built lasting relationships based on trust, expertise, and real results. Here’s what some of our clients have to say about their experience working with us.