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OCR: Alliance Leicester Cashback A var riation on the Basic Variable Rate mortgage. In return for keeping to this basic rate for an agreed period of time pue without making any extra repayments into your mort account, the lender will give you cash lump sum, at the beginning of your mortgage, t0 spend as you Like. The Cashback alternative might suit you if:- nok like extra cash quickly (a Cashback mortgage can give movers, especially first-time buyers, extra money just when it's required. And give customers cash from their mortgage to spend on home improvements) lyou don't plan to repay any of your mortgage in the early years (if you repay some or all of the capital borrowed within the specified peri you may have to return some or all of the cash payment you received or face high charges Back Ne ...