Standard variable rate with cashback - Mortgage Information

Yes, you will normally have to repay some or all of the cashback if you repay the mortgage in the early years.

Yes, if you need a large cash sum - for example, to buy furniture.

Yes, if you expect the cash sum to more than compensate for any interest rate rises during the penalty period.

No, if you would be unable to cope with increased payments due to rising interest rates.

No, if you can manage without the cashback now and can get a better overall deal elsewhere.