Cashback Remortgages · Cashback
Comparing Cashback Deals on Total Cost
Cashback is attractive, but the right comparison is the total cost of a deal over the period you keep it — not the cashback amount in isolation.
Do the like-for-like sum
Add the payments over the deal period to any product fee and early repayment charge, then subtract the cashback, for each option. A larger cashback can be outweighed by a higher rate or fee over several years.
Use the same balance, term and period for every option.
Keep cashback in context
Cashback does not show whether a mortgage is suitable or cheapest overall. Treat it as one helpful input among several.
Sources and further reading
General mortgage information, not a personal recommendation. Lender criteria and scheme rules can change. Ask an adviser about your circumstances and a solicitor or tax adviser about legal or tax questions. Your home may be repossessed if you do not keep up repayments on your mortgage. Most buy-to-let mortgages are not regulated by the FCA.
Discuss the next step for your mortgage
Understand your options before you make a decision.