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.
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).
Now that you've read this are you interested in talking to a mortgage adviser? Fill out the quick form below and you'll be contacted soon by an independent, regulated mortgage specialist for a free no obligation quote.
and £15,000 on your Mortgage
Get a custom rate and see how much you will save
by filling out the quick form below.