Lloyds Bank launches new cashback deal – with a twist
Lloyds Bank has launched a new cashback deal to borrowers who switch to them from another lender – and it comes with a twist.
Instead of paying a straightforward sum of money as cashback on completion the lender will refund up to one standard monthly mortgage payment up to £1,000.
The offer will be available for customers who apply for a mortgage before 12th November 2017.
Lloyds Bank remortgage products include a two-year fixed rate, at 2.19%, with no fee for those with at least 25% equity, and a five-year, fee-free fix at 2.84% for those with 40% upfront.
In addition, customers can also qualify for a free basic legal fee and free property assessment.