Cashback Mortgages - Full Listings
A Cash Back Mortgage is one where the lender pays the borrower a sum of cash on completion (set-up) of the new mortgage. This sum or 'cashback' is either a fixed specified amount (e.g. £1,000), or a percentage of the amount borrowed (e.g. 4%). This cashback may be used for any purpose by the customer, eg. For the purchase of furniture or to decorate a new home. Purchasing a home can be an expensive business, so this initial cash injection may be of great benefit and importance.
