Cashback Mortgages
Tailored rates with firstmortgage.co.uk
Cashback mortgages can be very useful deals for first time buyers, helping to cover initial costs. First Mortgage can find a great value cashback mortgage for you. With access to every lender and mortgage provider in the UK, we have a whole of market choice, saving you time, effort and money. We won’t charge you anything for our service and will even refund twice the payment difference for the first year if you find a better cashback mortgage deal!
Find cashback mortgage deals with First Mortgage
What is a cashback mortgage?
Cashback mortgages offer an initial lump sum that can be used for costs such as legal fees, stamp duty, removals, new furniture or home repairs. The mortgage deal usually allows you to borrow up to 95% of the property value, with cashback of around 5-6%. Lenders commonly arrange cashback mortgages as standard variable rate or tracker mortgages. In some cases, the cashback is paid upon completion of the mortgage. There may be early repayment charges if the mortgage is repaid before the end of the term.
Other mortgage rate types...
Depending on your circumstances, each mortgage will offer you different pros and cons. Click on one of the types listed below to learn more:
Fixed - pay a set rate of interest for an agreed period
Tracker - your interest rises and falls in line with bank interest rates
Discounted - offers a small discount on the lender’s standard variable interest rate
Flexible - vary your monthly repayments
Capped - your interest rate won’t rise above an agreed level for a set period of time
Offset - similar to a cashback mortgage, offset arrangements hold all of your other borrowings with the same lender
Find cashback mortgage deals with First Mortgage
Call us on 0845 603 1525 for a free consultation with one of our friendly and experienced team. We are happy to discuss your situation and help you choose the best option for you.
Get quotes prepared fast and easy from our award winning brokers starting, with our smart online form. Quote request
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Guaranteed!
With a whole of market choice that simply won't be beaten, find better and we happily match this while refunding TWICE the first years payments difference - guaranteed!
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