£500 cashback for remortgagers at Lloyds

Posted on Thursday, January 15 by Joy Tibbs

Remortgage customers switching to Lloyds Bank are to receive £500 cashback towards any costs they may incur as a result of moving their mortgage. Remortgage customers applying for a mortgage before March 1 can also benefit from the bank’s switching service.

Mortgages director Andy Hulme said: “Many people could save money by remortgaging but some may be put off by the initial costs involved. This latest offer helps by providing £500 towards any costs customers might incur by moving their mortgage.

“In addition, our popular mortgage Switcher Service tries to make switching to Lloyds Bank as easy as possible. Our customers receive a dedicated mortgage advisor and no charge for the valuation and basic legal costs, which is another example of our commitment to help those already on the property ladder.”

Example remortgage rates from Lloyds Bank include a two-year fixed rate between 0% and 60% loan-to-value (LTV) at 1.74% with a £995 fee for Club Lloyds customers (1.94% otherwise); a two-year fixed rate between 60% and 75% LTV at 2.04% with a £995 fee for Club Lloyds customers (2.24% otherwise); and a two-year fixed rate between 80% and 85% LTV at 2.69% with a £995 fee for Club Lloyds customers (2.89% otherwise).

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