Cashback mortgages are often aimed at first time buyers to help with costs and the 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 cashback is offered as a package of benefits (eg linked with a discount) but pure cashback products are not uncommon. Lenders may offer a sum of money towards the cost of legal fees or survey charges. This could be, for example, £1,000 as a flat amount or up to £5,000 or even more depending on the size of your mortgage.

In return, you typically have to agree to take the lender's standard variable rate.

As independent mortgage advisers we can research the whole market place for the most competitive cashback deals available.

freephone us today for a free no obligation discussion of your mortgage requirements or email us your contact details to enable us to call you back at a time convenient to you.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE