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Lloyds offers homemovers £1,000 cashback
Lloyds Bank is offering home movers cashback of up to £1,000 to assist with the cost of moving home.
The lender said it will refund one month’s standard mortgage payment, up to the value of £1,000.
It said this would help movers meet the cost of valuations, stamp duty, moving costs and other expenses.
The offer is available on all homemover mortgages in Lloyds Bank’s range, including its Help to Buy mortgage guarantee products.
The offer runs from Monday 2 March to Sunday 31 May 2015.
Andy Hulme, mortgages director at Lloyds Bank, said: “Offering cashback on a month’s mortgage payment is a great way to help homemovers settle into their new house and reduce their costs at what is an expensive time. Most people want to focus on the task of turning their new house into a home as quickly as possible, and a potential refund of up to £1,000 will help them do that.”
Lloyds has also reduced some first-time buyer mortgages rates, this range includes:
- Two-year fixed at 75% LTV, reduced by 0.40% to 1.99% with a £995 fee for Club Lloyds customers, 2.19% otherwise
- Two-year fixed at 85% LTV, reduced by 0.35% to 2.54% with a £995 fee for Club Lloyds customers, 2.74% otherwise