Lloyds offers cashback to remortgage switchers

Lloyds Bank is offering £500 cashback to remortgage customers towards the cost of moving their mortgage.

Related topics:  Mortgages
Rozi Jones
5th January 2015
lloyds bank

Remortgage customers applying for a mortgage between 5th January and 1st March 2015, can also access Lloyds’ Switcher Service, which offers customers a mortgage adviser and no charge for the valuation and basic legal fees.

Example remortgage rates include:

- 2 year fixed at 0-60% LTV, 1.74% with £995 fee for Club Lloyds customers, 1.94% otherwise.
- 2 year fixed at 60-75% LTV, 2.04% with £995 fee for Club Lloyds customers, 2.24% otherwise.
- 2 year fixed at 80-85% LTV, 2.69% with £995 fee for Club Lloyds customers, 2.89% otherwise.

Andy Hulme, Mortgages Director at Lloyds Bank, 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.”

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