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| Low-Cost Payments | |
| £50,000 | from £264 per month |
| £100,000 | from £527 per month |
| £150,000 | from £791 per month |
| £200,000 | from £1055 per month |
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Cashback mortgages are a type of mortgage product that are commonly offered to homeowners. As the name suggests, they provide a cashback incentive to borrowers, usually a lump sum payment, at the time of completion of the mortgage. This type of mortgage is beneficial for homeowners who are looking for extra financial support and want to make the most of their mortgage.
One of the main benefits of a cashback mortgage is that it provides a lump sum payment at the start of the mortgage term, which can be used to pay off debt, make home improvements, or simply provide a financial cushion for the homeowner. This can help to relieve financial stress and provide peace of mind for the homeowner.
Another benefit of a cashback mortgage is that it can help to reduce the overall cost of the mortgage. For example, if the cashback payment is used to pay off debt, the homeowner can potentially reduce their monthly outgoings and free up more money to put towards their mortgage. This can help to make the mortgage more affordable and reduce the overall cost of borrowing.
A cashback mortgage can also be a good option for homeowners who are looking to remortgage. The cashback payment can be used to pay off any early repayment charges on their existing mortgage, making the remortgage process more affordable and reducing the cost of borrowing.
Additionally, cashback mortgages can be a good option for homeowners who are looking for a mortgage with a lower interest rate. Some lenders offer cashback mortgages with competitive interest rates, making them more affordable than other mortgage products.
Finally, a cashback mortgage can be a good option for homeowners who want to make the most of their mortgage. The cashback payment can be used to make home improvements or upgrades, adding value to the property and potentially increasing its resale value.
In conclusion, a cashback mortgage can provide homeowners with a financial boost and help to make their mortgage more affordable. It is a good option for homeowners who are looking for extra financial support, are looking to remortgage, want to make the most of their mortgage, or who are looking for a mortgage with a lower interest rate.
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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY.
