Cashback Mortgages

Cashback mortgages come with a lump sum paid up front by the lender as an incentive, which is added on top of the mortgage. A cashback mortgage can therefore to be used to help consolidate debts, purchase initial home furnishings or cover any other costs that may arise. Due to the unfavourable terms of many other types of debt repayment, a cashback mortgage can prove a viable method of reducing the monthly costs of other debts.

However, it is important to conduct both personal research and obtain independent external advice if needed before making any large debt consolidation or mortgage agreement. Cashback mortgages can be useful for obtaining capital in some cases, but are not for everyone.

For advice and information on cashback mortgages see below:

Initial Rate	Type	Period To	Provider	The Overall Cost For Comparison APR	LTV
5.49%	Discount	Jul 2010	HSBC	6.40%	90%	More
5.69%	Discount	Jul 2010	Barnsley	7.20%	85%	More
5.69%	Discount	Jul 2010	HSBC	6.40%	90%	More
5.70%	Discount	Jul 2010	Norwich & Peterborough B.Soc.	7.00%	90%	More
5.70%	Discount	Jul 2011	Vernon	7.20%	80%	More
5.84%	Discount	Jul 2011	The Co-operative Bank	6.90%	75%	More
5.89%	Discount	Jun 2013	Tipton & Coseley	6.80%	90%	More