These
deals vary but, as the name suggests, you get cash - in
addition to the money you're going to be borrowing.
You may use it to pay for moving costs and furniture etc.
Cashback
deals are perhaps best seen as a sales technique
to get you to take out a mortgage with a particular lender.
It's
very rarely a genuine gift and is probably used
to tie
you in to the mortgage
lender - who will eventually more than make their money
back.
If
you need cash it may be an idea to shop around to look for
better deals from your bank, credit card etc. (Best not try the
local loan shark though).
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