u/GauntletCosmo83

EBS are offering 2 years fixed at 3.9% with 2% cashback, or better rate of 3.2% fixed for 4 years.

Is there any catch to the cashback offer?

I'm thinking of the 2 year option as the build will take 14 months plus and we'll be selling our current house to hopefully time with the build finishing. So we'll have a chunk of equity we'd like to use to reduce the new mortgage once the fixed term ends.

Factoring in the cashback, I think the cost in interest to us per year mightn't be too much higher than the better rate?

Thoughts on this approach?