mortgage news article - doddl

Does cashback cost more?

January 28, 2021

Martina Hennessy, MD of doddl discusses cashback offers.

Some lenders offer 2% of your mortgage back in cash when you draw down.

For example, if you borrow €300,000 you would get €6,000 from your mortgage lender lodged to your current account within 30 days of draw down.

In general the lenders who offer 2% cashback offers have HIGHER RATES.

If you took a 2% CASHBACK offer when taking out your mortgage

Now is the time to CHECK YOUR RATE and to see if you can SAVE BY SWITCHING.

There is NO CLAWBACK on a cashback so you can switch without risk of having to repay the cashback offer.

Speak to one of our advisors to see if the time is right for you to switch your mortgage and start your journey today via the Let’s Begin button on our website

In related news...