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Cashback Mortgage - Best4U Kettering Northamptonshire
Some lenders attract new borrowers by offering a percentage of the overall loan as cash - usually to help with the costs of moving - which is forwarded to you when the mortgage application has completed. The offers look great, but you can be certain that the lenders are not simply giving money away.
Very often cashback offers are accompanied by redemption penalties which tie you to them for several years. Some lenders do offer small cashbacks to help cover costs and fees, which are usually repayable if you should leave them within the first 2 years.