Cashback mortgage rates

Tailored rates with firstmortgage.co.uk

Cashback mortgage rates vary from lender to lender and it can be very confusing trying to find the best value deal.

First Mortgage is the impartial broker you can bank on. We scour the whole of the market for the lowest cashback mortgage rates. Our service is free and impartial - call us on 0845 603 1525 to talk with one of our friendly consultants.

What is a cashback mortgage?

With a cashback mortgage the lender offers you lump sum. Usually, the money is used for associated costs, including legal fees, stamp duty, removals, new furniture or home repairs. Because of the increased risk, cashback mortgage rates tend to be higher than other types. You can borrow up to 95% of the property value, with cashback of around 5-6%. Lenders commonly arrange deals as standard variable or tracker rates. In some cases, the money is paid to you at the end of the term. There may be early repayment charges if the mortgage is repaid before then.

Other mortgage rate types...

You can find out about other types of mortgage by clicking the links below:

 Fixed - pay set 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 SVR

 Flexible - vary your monthly repayments

 Capped - your interest won’t rise above an agreed level for a set period of time

 Offset - offset arrangements hold all of your other borrowings with the same lender

Find great value cashback mortgage rates

For more information, advice and assistance, phone us on 0845 603 1525. Our friendly team of consultants are waiting to take your call.

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