Speak to an expert
Rachel Johnson
Director
I’m Rachel Johnson, and I’ve been part of the financial industry since I was 17. Over the years, I’ve built a strong foundation of knowledge and experience, becoming a qualified adviser in January 2019.
Speak to an expert
Jennie Melville
Director
With over 25 years of experience in financial services, I’ve dedicated my career to helping people make confident financial decisions and achieve their property goals.
Speak to an expert
Dan Moore
Director
With over 20 years of experience in the property and financial services industry, I’ve built a career that blends my passion for people, property, and professional growth.
Speak to an expert
Vaishali Sharan
Mortgage and protection adviser
With nearly 20 years of experience as a fully Qualified Accountant (CIMA), I, Vaishali Saran, bring a unique and analytical financial expertise to my role as a Mortgage Adviser.
Speak to an expert
Sat Singh
Mortgage and protection advise
I am a Mortgage and Protection Adviser with experience supporting first-time buyers, remortgages, Buy-to-Let, and Right to Buy clients.
Speak to an expert
Nico Dowsell
Mortgage and protection adviser
Hi, I'm Nico, a mortgage and protection adviser offering a bespoke service designed to help clients find the best available product for their individual circumstances.
Body
A cashback mortgage is an arrangement where the lender pays or rebates to the borrower a sum of money (or some other form of financial benefit/incentive) either on completion of the mortgage or at a later stage. The borrower can use the cashback to help pay some of their property purchase costs such as legal and surveying costs, stamp duty, removals charges, or home improvements and repairs.
The amount of cashback the borrower will receive depends on the lender’s requirements. Sometimes it is calculated as a percentage of the total mortgage advance and will therefore vary in value, or it may be a fixed and non-negotiable amount. Some mortgage providers insist that the borrower already holds (or opens) a current account with them before they qualify for cashback.
Cashback mortgages are usually associated with standard variable rate or tracker mortgages, although the rate of interest may or may not be higher. As well as applying an early repayment charge on these mortgages, if a cashback mortgage is redeemed before the end of the agreed term, the lender may ask the borrower to repay all or part of the cashback.
Understand the Terms and Conditions.
We can help you evaluate whether a cashback mortgage is the right choice, showing how to use the cashback effectively and ensuring you understand any conditions or repayment obligations before committing to the mortgage.
-
Mortgages
Mortgages are loans which are intended to help buyers purchase residential...
-
Protection
There are events we can all face that have the potential to disrupt lives,...
-
Business Protection
Every business needs to protect itself. For most businesses the most valuable...
-
Estate Agent
As an estate agent, you know that a smooth buying journey means more satisfied...
-
Recruitment & Training
At Mortgage Advisers UK, our purpose is simple: to support advisers at every...
-
Remortgaging
Whether you are looking at consolidating your debts, raising money for home...
-
Life Assurance
This is cover that pays out on death. Some plans pay upon earlier confirmation...
-
Equity Release
If you're a home owner over the age of 55, equity release offers you a way to...
