"Despite market volatility, we are in a strong position to bring a cashback product to market while also reducing some of our fixed rates."
- Harsha Dahyea - Quantum Mortgages
Specialist buy-to-let and bridging lender Quantum Mortgages, has launched a new product for remortgages, offering cashback of up to £50,000, as well as rate reductions across its product range.
The cashback product is available across Quantum's single-unit, multi-unit and specialist ranges up to 75% LTV. A cashback payment of 1% of the net loan will be made within two weeks of completion. The minimum cashback is £1,000, and the maximum is £20,000, or up to £50,000 for a £5 million portfolio.
In addition, all single-unit, multi-unit, specialist and pro mixed-use ranges have been reduced by 20bps.
Quantum’s new cashback range and rate reductions come two days after the announcement of their new product transfer offering, and one week after finalising their third securitisation in two years.
Harsha Dahyea, chief commercial officer at Quantum Mortgages, said: "With record numbers of borrowers coming to the end of their five-year fixed rates in 2026, many will be hit with a double whammy of increased mortgage costs plus considerable fees should they decide refinancing is the best option for them.
"Despite market volatility, we are in a strong position to bring a cashback product to market while also reducing some of our fixed rates. We have listened carefully to what our broker community needs from lenders right now, and we hope this new cashback proposition, alongside reduced rates, will reduce some of the cost of arranging a remortgage"
