Cashback Remortgages · Cashback
When Is Mortgage Cashback Paid?
Cashback is generally paid after completion, subject to conditions. Understanding the timing prevents you relying on it for money you need earlier.
Timing and conditions
Cashback is usually paid on or after completion once conditions are met, not before. With Cashback Remortgages the amount depends on the route and loan size, and is confirmed in writing with its conditions.
It is not available upfront to fund your deposit or costs.
Plan accordingly
If you need cash at completion for legal or moving costs, budget for those separately rather than assuming cashback will arrive in time.
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.