Cashback mortgages

Cashback mortgages provide you with a lump sum on completion of the mortgage arrangement. The amount of cash is usually calculated as a percentage of the amount borrowed.

Cashback mortgages can be useful to help pay for the fixtures and fittings of a new home for borrowers who are stretched because they have put all of their funds into a deposit to get a mortgage.

Applicants who apply for a cashback mortgage should consider the fact that this money will be added onto the amount borrowed and interest will be charged and there could be cheaper ways of borrowing the money.

	Earn £30 cashback by switching energy provider or tariff Confused.com is offering UK households up to £30 cashback if they use the comparison site to switch their energy supplier or tariff by March 4.
	New Santander 123 Current Account pays interest and cashback Santander has launched a new 123 current account that offers cashback on household bills and pays interest on positive balances.
	American Express lifts Platinum cashback card rate to 5% American Express has doubled the introductory rate on its Platinum Credit Card to five per cent, making it the highest earning card of its kind on the market.
	Santander extends cashback account offers over Christmas Santander is extending its offer of up to £300 cashback and five per cent in-credit interest for customers who switch their main current account.
	Cashback credit card 'a great Christmas solution' Finding a credit card with good cashback rewards can be one of the best ways to save money this festive period, research firm Defaqto has suggested.