Your home may be repossessed if you do not keep up repayments on your mortgage.

TSB 2 Year BBR+0.89% Remortgage + Cashback
0333 3314495
Maximum LTV
60%
Initial Rate
1.39% tracker
until 30 Apr 2017
Cashback
£500
Subsequent Rate
3.99%
Overall Cost for Comparison
3.7% APR
Available for existing customers only. Such mortgages might not be listed on the lender's website. Available for remortgage only.
TSB 2 Year 1.69% Fixed Remortgage + Cashback >£200K
0333 3314495
Maximum LTV
60%
Initial Rate
1.69% fixed
until 30 Apr 2017
Cashback
£500
Subsequent Rate
3.99%
Overall Cost for Comparison
3.8% APR
Available for existing customers only. Such mortgages might not be listed on the lender's website. Available for remortgage only.
TSB 2 Year BBR+1.24% Remortgage + Cashback
0333 3314495
Maximum LTV
75%
Initial Rate
1.74% tracker
until 30 Apr 2017
Cashback
£500
Subsequent Rate
3.99%
Overall Cost for Comparison
3.7% APR
Available for existing customers only. Such mortgages might not be listed on the lender's website. Available for remortgage only.
TSB 2 Year 1.84% Fixed Remortgage + Cashback >£200K
0333 3314495
Maximum LTV
75%
Initial Rate
1.84% fixed
until 30 Apr 2017
Cashback
£500
Subsequent Rate
3.99%
Overall Cost for Comparison
3.8% APR
Available for existing customers only. Such mortgages might not be listed on the lender's website. Available for remortgage only.
Yorkshire BS 2 Year BBR+1.39% + Cashback
Maximum LTV
65%
Initial Rate
1.89% tracker
until 31 Jan 2017
Cashback
£500
Subsequent Rate
4.99%
Overall Cost for Comparison
4.6% APR
Halifax 2 Year 1.89% Fixed Remortgage + Cashback
0845 5089113
Maximum LTV
60%
Initial Rate
1.89% fixed
until 28 Feb 2017
Cashback
£150
Subsequent Rate
3.99%
Overall Cost for Comparison
3.8% APR
Available for existing customers only. Such mortgages might not be listed on the lender's website. Available for remortgage only.
Yorkshire BS Flexi 2 Year 1.94% Fixed + Cashback
Maximum LTV
65%
Initial Rate
1.94% fixed
until 31 Jan 2017
Cashback
£500
Subsequent Rate
4.99%
Overall Cost for Comparison
4.6% APR
Halifax 2 Year 1.99% Fixed + Cashback
Maximum LTV
60%
Initial Rate
1.99% fixed
until 28 Feb 2017
Cashback
£150
Subsequent Rate
3.99%
Overall Cost for Comparison
3.8% APR
Available for first time buyers and for existing customers only. Such mortgages might not be listed on the lender's website.
TSB 2 Year 1.99% Fixed Remortgage + Cashback
0333 3314495
Maximum LTV
60%
Initial Rate
1.99% fixed
until 30 Apr 2017
Cashback
£500
Subsequent Rate
3.99%
Overall Cost for Comparison
3.8% APR
Available for existing customers only. Such mortgages might not be listed on the lender's website. Available for remortgage only.
Virgin 2 Year BBR+1.49% Tracker Buy To Let + Cashback
0845 322 8311
Maximum LTV
60%
Initial Rate
1.99% buy to let
for 24 months
Cashback
£500
Subsequent Rate
4.99%
Overall Cost for Comparison
4.9% APR
This is a buy to let mortgage. Interest only mortgages are not available where property value is less than £500k or where combined applicants income is less than £100k. Maximum LTV is 70%.
Virgin 2 Year BBR+1.49% Tracker Remortgage Buy To Let + Cashback
0845 322 8311
Maximum LTV
60%
Initial Rate
1.99% buy to let
for 24 months
Cashback
£500
Subsequent Rate
4.99%
Overall Cost for Comparison
4.9% APR
This is a buy to let mortgage. Available for remortgage only. Interest only mortgages are not available where property value is less than £500k or where combined applicants income is less than £100k. Maximum LTV is 70%.
Chelsea Building Society 2 Year 2.04% Fixed + Cashback
Maximum LTV
75%
Initial Rate
2.04% fixed
until 31 Jan 2017
Cashback
£500
Subsequent Rate
5.45%
Overall Cost for Comparison
5.0% APR
Halifax 2 Year 2.04% Fixed + Cashback
0845 5089113
Maximum LTV
60%
Initial Rate
2.04% fixed
until 28 Feb 2017
Cashback
£150
Subsequent Rate
3.99%
Overall Cost for Comparison
3.8% APR
Available for existing customers only. Such mortgages might not be listed on the lender's website.
Yorkshire BS Flexi 2 Year 2.04% Fixed + Cashback
Maximum LTV
75%
Initial Rate
2.04% fixed
until 31 Jan 2017
Cashback
£500
Subsequent Rate
4.99%
Overall Cost for Comparison
4.6% APR
Chelsea Building Society 2 Year BBR+1.59% + Cashback Offset
Maximum LTV
65%
Initial Rate
2.09% tracker
until 31 Jan 2017
Cashback
£500
Subsequent Rate
5.45%
Overall Cost for Comparison
5.0% APR
Halifax 2 Year 2.09% Fixed Remortgage + Cashback
0845 5089113
Maximum LTV
60%
Initial Rate
2.09% fixed
until 28 Feb 2017
Cashback
£150
Subsequent Rate
3.99%
Overall Cost for Comparison
3.7% APR
Available for existing customers only. Such mortgages might not be listed on the lender's website. Available for remortgage only.
Halifax 2 Year 2.09% Fixed Remortgage + Cashback
0845 5089113
Maximum LTV
75%
Initial Rate
2.09% fixed
until 28 Feb 2017
Cashback
£150
Subsequent Rate
3.99%
Overall Cost for Comparison
3.9% APR
Available for existing customers only. Such mortgages might not be listed on the lender's website. Available for remortgage only.
TSB 2 Year BBR+1.59% Remortgage + Cashback No Fee
0333 3314495
Maximum LTV
60%
Initial Rate
2.09% tracker
until 30 Apr 2017
Cashback
£500
Subsequent Rate
3.99%
Overall Cost for Comparison
3.7% APR
Available for existing customers only. Such mortgages might not be listed on the lender's website. Available for remortgage only.
Virgin 2 Year BBR+1.59% Tracker Buy To Let + Cashback
0845 322 8311
Maximum LTV
60%
Initial Rate
2.09% buy to let
for 24 months
Cashback
£500
Subsequent Rate
4.99%
Overall Cost for Comparison
4.8% APR
This is a buy to let mortgage. Interest only mortgages are not available where property value is less than £500k or where combined applicants income is less than £100k. Maximum LTV is 70%.
Virgin 2 Year BBR+1.59% Tracker Remortgage Buy To Let + Cashback
0845 322 8311
Maximum LTV
60%
Initial Rate
2.09% buy to let
for 24 months
Cashback
£500
Subsequent Rate
4.99%
Overall Cost for Comparison
4.8% APR
This is a buy to let mortgage. Available for remortgage only. Interest only mortgages are not available where property value is less than £500k or where combined applicants income is less than £100k. Maximum LTV is 70%.

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How to Get the Best Cash Back Mortgages

by Jamie_Cooper

Cash back mortgages are becoming increasingly common and unsurprisingly a growing number of people are being attracted by the prospect of receiving a cash lump sum when they apply for a mortgage deal.

How to Get the Best Cash Back Mortgages

While they can sometimes represent a good deal you do need to research your options thoroughly.

This is because the cashback typically advertised as a reward for taking on a cashback mortgage is not a completely free lump sum. The reality is that it is part of the interest you will pay during the course of the loan will cover this cost.

For this reason cash back mortgage rates are typically higher than those offered by other equivalent mortgage deals; this is largely to cover the cost of the cash offered at the beginning of the mortgage.

These kinds of mortgages are generally seen as a being the perfection solution for first time buyers looking to get on the property ladder. This is because the cash back on mortgages can be used to pay the various fees associated with moving into your first home as well as buying the contents to furnish it.

However, unfortunately things aren't straight forward and you need to work out the total cost of a cashback mortgage over the deal term - including fees and charges - and compare it to the best mortgage deals that don't offer cashback.

In the long run, going for the cheapest deal overall will be better financially, even if a cashback mortgage will give you more money to DIY with when you first move.

Finding the best mortgage deals is essential because it's not only the mortgage rates that differ. The fees, terms of the agreement and the repayment schedule are all things that will vary from provider to provider and deal to deal so all need to be taken into consideration.

There are a great deal of cash back mortgage providers in the UK but when researching the best for your circumstances, it's important not to just take the deal that offers the cheapest interest rate or highest cashback rate.

It may sound good at first glance but until you have looked at multiple mortgages, it is very unlikely that you are able to get the best cashback mortgage.