| This is a mortgage, which may
be arranged using a variety of the previously mentioned schemes.
The lender pays a cash sum to the borrower once
the loan is drawn down. The cash back is usually
a stated sum or a percentage of the capital borrowed.
The amount of the cash back available will be
in comparison to the level of interest charged by the lender. The
higher the rate of charge then generally the higher the amount of
the cash back.
Early redemption fees or penalties usually apply if the scheme
is ceased within the set period.
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