Property News · March 18, 2017

Are these cashback deals a carrot… or a costly stick?


With rates at an all-time low, lenders are offering other incentives to woo borrowers. But be warned: do the sumsWith rates on many new mortgages at record lows, lots of lenders are offering cashback to make them stand out from the crowd. And some are dishing out quite large sums. The highest amount currently on offer is £2,500, courtesy of a Barclays deal. Two years ago it was £1,000.But will you end up paying a heavy price for that “carrot” in the form of a higher interest rate? Continue reading…

Source : theguardian.com
Read more…Are these cashback deals a carrot… or a costly stick?

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