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A Cash Back Mortgage offers you cash back when the mortgage is
finalised.
The amount of cash back is often a percentage of the loan. This
cash may be attractive to first time buyers who need extra cash
for home improvements or furniture. Plus Points: The cash received
back can be attractive to those who require the funds to pay professional
fees, make home improvements, buy furniture, etc.. Points to Watch:
Rates are usually set at the lender's standard variable rate for
a fixed term.
More cash back can add to the term and cost of the mortgage. Expect
cancellation penalties to change mortgage within the initial years.
There are 2 standard repayment methods for Cash Back Mortgages :
Straight Repayment & Interest Only Simply complete the brief Mortgage
Quote Form and we will contact you within 24 hours with an agreement
in principle.
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