Cash Back Mortgage
With this type of mortgage, the lender will give you a cash lump sum at the start of your loan, which you can use however you wish.
Your interest rate is usually linked to the lenders Standard Variable Rate, and there is usually an early repayment charge which may last for several years.
Your home may be repossessed if you do not keep up repayments on your mortgage.
We can be paid by commission or a fee. The precise amount will depend on your circumstances but will be typically around £500
The Financial Services Authority does not regulate some forms of Mortgage.
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