If the lender gives a cash back it can sometimes be as much as 5 or 6%
of the mortgage taken in other words if you borrowed £100,000 you
would get £5,000 cash back on completion for 5% cash back.
Often there are redemption penalties with type of loan.
This content of this site is for
information purposes only, as a plain speaking introduction to mortgages.
No claim to the accuracy of information on this site is made and you
are strongly advised to verify information presented
here with a qualified advisor before making any financial decisions
based on this information.
