Cashback mortgages come with a lump sum paid up front by the lender as an incentive, which is added on top of the mortgage.

A cashback mortgage can therefore to be used to help consolidate debts, purchase initial home furnishings or cover any other costs that may arise.

Due to the unfavourable terms of many other types of debt repayment, a cashback mortgage can prove a viable method of reducing the monthly costs of other debts.

However, it is important to conduct both personal research and obtain independent external advice if needed before making any large debt consolidation or mortgage agreement. Cashback mortgages can be useful for obtaining capital in some cases, but are not for everyone.
 

Have a mortgage specialist contact you about a cashback mortgage

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 OTHER DEBT SECURED AGAINST IT.

Securing short term debts against your home could increase the term over which they are paid and therefore increase the overall amount payable