A Cashback remortgage is a mortgage which comes with a lump sum of money paid up front by the mortgage lender as an enticement, which is included on top of the mortgage loan. A cashback mortgage is therefore, able to be used by a borrower in order to help them consolidate their debts, buy initial home furnishings or simply to cover any other costs which may be necessary. Because of the unfavourable terms of numerous other forms of debts, a cashback mortgage can prove to be a viable method of decreasing the monthly outgoings of other debts.

Though, it is very important to carry out both a personal research and get an independent external advice if required prior to making any major debt consolidation or mortgage arrangement. Cashback mortgages may be useful for getting capital in a few cases, but they are not for everyone.
These re-mortgages are not really a re-mortgage in themselves, yet a special offer which is associated with particular forms of re-mortgages.