The Telegraph - Rise in cashback mortgages as lenders appeal to first-time buyers
Mortgage lenders are increasingly offering cashback deals to tempt first-time buyers who need help paying for high moving costs and legal fees.
Aaron Strutt, of mortgage brokers Trinity Financial, told The Telegraph that cashback deals were particularly attractive to cash-strapped new homeowners.
“For some people the cashback can make a huge difference at a time when first-time buyers are trying to get as much money together as possible. Cashback options are very popular, especially when they are through the big banks like Halifax.”
Mr Strutt added, "Accord Mortgages, part of Yorkshire Building Society, offers £1,000 cashback on its range of 95% first-time buyer mortgages."
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