Cashback Mortgages For First Time Buyers

Cashback Mortgage Deals Up to £1,000

2 Year Fixed £250 CASHBACK » NatWest Mortgages

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2.91%Reverts to 3.99% after 2 years


Overall Cost for Comparison 3.90% APRC. This is the cost of the mortgage over the full term. Early redemption charges may apply.

Compare cashback mortgage deals for first time buyers. See below for a selection of UK Cashback Mortgage Rates.

Cashback Mortgage - Featured Deals

Provider

Type

Initial Rate

Initial Term

Overall Cost for Comparison

Max LTV*Product Fee 
Fixed

2.13%

Reverts to 4.49%

5

Years

3.60%

75%

NoMore Info >
£300 Cashback. Early redemption charges may apply. Overall Cost for Comparison 3.60% APRC. This is the cost of the mortgage over the full term.
Fixed

2.06%

Reverts to 4.79%

5

Years

3.70%

75%

YesMore Info >
£300 Cashback. Early redemption charges may apply. Overall Cost for Comparison 3.70% APRC. This is the cost of the mortgage over the full term.
Fixed

2.91%

Reverts to 3.99%

2

Years

3.90%

90%

NoMore Info >
£250 Cashback. Early redemption charges may apply. Overall Cost for Comparison 3.90% APRC. This is the cost of the mortgage over the full term.
Fixed

3.09%

Reverts to 4.49%

5

Years

4.00%

90%

NoMore Info >
£500 Cashback. Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.
Fixed

3.60%

Reverts to 3.99%

5

Years

3.90%

80%

NoMore Info >
£250 Cashback. Early redemption charges may apply. Overall Cost for Comparison 3.90% APRC. This is the cost of the mortgage over the full term.
Fixed

3.72%

Reverts to 3.99%

5

Years

4.00%

90%

NoMore Info >
£250 Cashback. Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.

Representative Example:


A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.


The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).


In this example the overall cost for comparison is 3.7% APRC representative.


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

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Cashback Mortgage Deals For First Time Buyers

Cashback Mortgages for first time buyers provides customers with a cash incentive for completing their mortgage agreement with a particular lender. Once the mortgage has completed the customer will be given a cash free lump sum to spend on whatever they wish.


Cashback mortgages for first time buyers are available from a selection of UK lenders and are often provided for new homeowners to provide helpful extra cash for covering costs in setting up a new home. The following should be considered if you are looking at a cashback mortgage


  • Like many other mortgages, some cash-back mortgages may include charges and early redemption fees
  • As is also the case with many other types of mortgage agreement, customers may be expected to pay an application fee for setting up a mortgage
  • The starting interest rates on cash-back mortgages are sometimes higher compared to other types of mortgage deal


For more information on cash-back mortgages for first time buyers see the tables above.

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

The above mortgage products highlighted on this website are available directly through lenders who will be able to provide further information about the product you are interested in. If you are unsure about what mortgage product is suitable for you, we suggest you speak to an independent mortgage broker