Cashback Mortgages
Cashback Mortgages Explained...
Very popular with First Time Buyers, Cashback mortgages usually offer a fixed amount or a percentage of the mortgage that will be paid to you on completion.
This is ideal to cover costs such as Stamp Duty or Solicitors costs, however cashback mortgages aren’t as attractive as they look.
Cashback mortgages usually have either higher fee’s or interest rates and you will usually find cheaper deals without the cashback. If you are in need of a lump sum ready to move, then seriously consider a cashback mortgage.
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