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.

	The rise of cashback credit cards The choice of cashback and rewards credit cards has more than doubled in the last two years as consumers look for ways to maximise the benefits of everyday spending.
	BM Solutions reduces buy-to-let rates and offers cashback BM Solutions has reduced mortgage rates on a range of its buy-to-let mortgages and introduced a cashback option.
	Yipiii cashback website: Is it worth a spin? A new cashback website, Yipiii.co.uk has divided critics. You can pay £1 to try and win items for free. Myfinances.co.uk meet s the founder, Christoph Klingler to find out how the site works.
	Barclaycard launch new cashback credit card Barclaycard have launched a new cashback credit card that pays six per cent on purchases for the first three months.
	Halifax launches £1,000 cashback offer for first-time buyers Halifax has launched a £1,000 cashback offer for some first-time buyers as well as unveiling further cuts across its mortgage range.