Cashback Mortgages For First Time Buyers

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