Cashback offers - here to stay?

candyman

Registered User
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173
A while back in the media there was talk that the cashback offers should be pulled from the market due to misleading consumers into mortgages somehow.
Funny now to see the advertising around mortgages and especially cashback offers intensify in recent weeks with nearly every bus shelter now trying to selling you a cashback / mortgage / fixed rate. It seems to me that the ads, like the ones from BOI, are getting more explicit now about the amount of cashback on offer too.

Interesting trend, which seems to indicate that cashback offers are here to stay for the medium term in any case, which is of course good news for all of us.

Have any of the banks moved to increase the % cashback on offer yet, the max I see out there is still 2% up front + 1% after 5 years. Has anyone deviated from this to offer more yet?
 
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