Cash-back mortgages
Cash-back mortgages are often aimed at first time buyers and the mortgage lender will offer a lump sum of cash at the start, or sometimes at an agreed point during the term, of your mortgage.
Usually the cash-back is offered as a package of benefits (e.g. linked with a discount) but pure cash-back mortgages are not uncommon. Mortgage lenders may offer a sum of money towards the cost of legal fees or survey charges. This could be, for example, £200 to £1000 as a flat amount, or a percentage of the mortgage loan.
In return, you typically have to agree to take the mortgage lender's standard variable mortgage rate.
Standard Variable Mortgages Fixed Rate Mortgages Capped Rate Mortgages Discount Rate Mortgages Tracker Mortgages Cash-Back Mortgages Self-Certification MortgagesBuy-To-Let Mortgages 100% Mortgages Repayment Mortgages Interest Only Mortgages Flexible Mortgages Offset Mortgages Current Account Mortgages
